Donald Trump Denies Profiting from TRUMP Token Amid Market Activity
Donald Trump denies profiting from the TRUMP memecoin, which launched before his inauguration. Key points include:
- Chainalysis reported the TRUMP token generated $900,000 in fees for backers within two days.
- CIC Digital LLC and Fight Fight Fight LLC control 80% of the token, linked to Trump's NFT collection.
- Trump stated he is not actively profiting and is unaware of the token's performance.
- The TRUMP token is trading at approximately $11.20, down from an all-time high of $44.19 but up 20% in the past month.
- The White House will invite the top 220 TRUMP token holders to dinner with the President.
- Eric Trump will speak at Consensus 2025 in Toronto.