Donald Trump is pushing again towards claims that he’s making the most of the TRUMP memecoin, his official cryptocurrency that launched days earlier than his presidential inauguration.
Chainalysis lately reported that the TRUMP token earned $900,000 in charges in a two day span for its backers.
The wallets of the most important holders of the token are managed by CIC Digital LLC, an entity additionally used for his NFT assortment, and Battle Battle Battle LLC, which is co-owned by CIC Digital. Collectively, they personal 80% of the TRUMP tokens.
“I’m not making the most of something,” Trump stated throughout an interview with NBC Information, including that he hadn’t appeared on the token’s efficiency and that any monetary advantages could be incidental. “If I personal inventory in one thing, and I do job, and the inventory market goes up, I assume I’m profiting,” he stated.
The TRUMP token has seen robust market exercise in current weeks. It’s at present buying and selling round $11.20, a big drop from its all-time excessive of $44.19, however nonetheless up 20% over the previous month.
Not too long ago, the White Home introduced that the most important 220 holders of the $TRUMP token could be invited for dinner with the President.
Eric Trump, the son of President Trump, shall be a headline speaker at Consensus 2025 in Toronto.
