Donald Trump Addresses Profits From The $TRUMP Token

Donald Trump has once again captured attention in the cryptocurrency world, this time not for introducing a new token but for the profits generated by his meme coin, $TRUMP. In just 100 days back in office, the $TRUMP token, launched just before his return to the White House, has earned over $320 million in profits for entities associated with him. The coin’s value significantly surged upon his return to office, sparking even more interest, with top investors being offered a private dinner with Trump as part of the deal.

However, Trump's growing involvement in the crypto world is raising concerns, especially as regulatory attitudes towards crypto shift. Experts are questioning whether a sitting president should profit from such ventures.

In a recent interview with NBC News, Trump gave contradictory statements about profiting from the $TRUMP token. Initially, he denied any personal gain, but then later admitted that he hadn't closely monitored the token’s performance, adding that if his wealth increased while he was doing a good job, he’d consider it a positive outcome. 

Trump’s team denies any conflict of interest, but the financial ties to the $TRUMP token — alongside crypto deals involving his brand, like a $2 billion investment from Abu Dhabi — continue to raise ethical and influence concerns.

Launched on January 17, 2025, the $TRUMP token surged to a peak value of $73.43 just before Trump’s inauguration. However, its value has since plummeted by almost 85%. Despite this decline, the token saw a brief uptick following Trump’s announcement that top token holders would be treated to a private dinner on May 22, 2025. The token now trades at around $11.35.

Although Trump downplays his direct involvement, two companies tied to his business empire — CIC Digital LLC and Fight Fight Fight LLC — control 80% of the total $TRUMP token supply. These holdings are locked and will be gradually unlocked until 2028. In April 2025, CIC Digital released $454 million worth of tokens. Reports suggest that the $TRUMP token has generated over $350 million through token sales and transaction fees.

Trump has continued publicly supporting cryptocurrencies, warning that China could dominate the space without U.S. innovation. However, some critics, including Republican senators, question his involvement in the $TRUMP coin, suggesting it could present a conflict of interest while he campaigns for crypto deregulation.

When asked if he would consider donating any crypto earnings, similar to his presidential salary, Trump responded, “I never thought of that.”

For now, the $TRUMP token represents Trump’s aspirations in the cryptocurrency space and the controversies surrounding his participation in it.