1 month ago
Donald Trump is pushing backmost against claims that he’s profiting from the TRUMP memecoin, his authoritative cryptocurrency that launched days earlier his presidential inauguration.
Chainalysis precocious reported that the TRUMP token earned $900,000 successful fees successful a 2 time span for its backers.
The wallets of the largest holders of the token are controlled by CIC Digital LLC, an entity besides utilized for his NFT collection, and Fight Fight Fight LLC, which is co-owned by CIC Digital. Collectively, they ain 80% of the TRUMP tokens.
“I’m not profiting from anything,” Trump said during an interrogation with NBC News, adding that helium hadn’t looked astatine the token’s show and that immoderate fiscal benefits would beryllium incidental. “If I ain banal successful something, and I bash a bully job, and the banal marketplace goes up, I conjecture I’m profiting,” helium said.
The TRUMP token has seen beardown marketplace enactment successful caller weeks. It’s presently trading astir $11.20, a important driblet from its all-time precocious of $44.19, but inactive up 20% implicit the past month.
Recently, the White House announced that the largest 220 holders of the $TRUMP token would beryllium invited for meal with the President.
Eric Trump, the lad of President Trump, volition beryllium a headline speaker astatine Consensus 2025 successful Toronto.
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