In a recent interview with NBC News’ Kristen Welker, US President Donald Trump addressed the growing speculation surrounding his involvement with the Official Trump (TRUMP) meme coin, which was launched just days before his inauguration. Trump emphatically denied any profits from the meme coin, stating he hadn’t even paid attention to its development.
The TRUMP coin quickly gained global attention, skyrocketing in price to over $70 within hours of its launch, making it the third-largest meme coin at the time. However, its value crashed significantly after the release of a Melania token and several controversies surrounding his administration’s first 100 days in office.
Despite its volatility and the multi-billion-dollar market cap, Trump denied any personal financial gain, asserting in the interview, “I haven’t even looked. If I own stock in something, and I do a good job, and the stock market goes up, I guess I’m profiting.” He reiterated that he had no direct involvement with the coin’s transactions or profits.
However, blockchain transparency has led to further scrutiny, with reports suggesting that large quantities of TRUMP tokens were transferred to centralized exchanges as the coin’s price surged. This has fueled calls from Democrats for an investigation into Trump and his team’s potential involvement in profiting from the controversial meme coin.
