- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
POTUS Denies Profiting From Official Trump (TRUMP) Meme Coin
By: cryptopotato|2025/05/05 19:15:58
0
Share
During a recent lengthy interview with NBC News’ Kristen Welker, US President Donald Trump said he hadn’t even looked at what is happening with the meme coin launched by his team just ahead of his inauguration.He claimed that he hadn’t profited in any form from it, but there are multiple reports that the team had transferred substantial quantities of the token to centralized exchanges in recent weeks, most likely to sell.No Profits, Says TrumpJust a few days before he officially became the 47th US president in mid-January, Trump’s team broke the Internet by launching a meme coin dubbed Official Trump (TRUMP). In mere hours, it became a global sensation, with its price skyrocketing past $70. Its market cap flew as well, and TRUMP became the third-largest meme coin within a day of its launch.However, the subsequent release of a Melania token, as well as his controversial first 100 days in office, led to a somewhat expected crash. TRUMP dropped from over $70 to under $8 by mid-April when the team behind it announced on the official website that the top 220 holders would have a chance to attend a special dinner with the POTUS in one of his golf establishments in DC.Naturally, people rushed to buy the asset, pushing its price north by almost 100% within a few days. Despite this massive volatility, price increases (and crashes), and a multi-billion dollar market cap, Trump claimed in his interview with Welker that he is “not profiting from anything.” On a follow-up question, “So you’re not profiting off of the cryptocurrency at all,” Trump said:“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 answered.Isn’t He, Though?Blockchain is an interesting niche as it offers full transparency, and all transactions are visible to the public. As such, it’s intriguing to explore a few reports suggesting that the TRUMP meme coin team deposited large quantities of the asset to centralized exchanges just as its price shot up after the dinner announcement.Similar on-chain information surfaced even after the token’s launch in January. Consequently, it’s no wonder that numerous Democrats have requested an investigation into the president and his team regarding the controversial meme coin(s).The post POTUS Denies Profiting From Official Trump (TRUMP) Meme Coin appeared first on CryptoPotato.
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App