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President Trump Dismisses Claims of Profiting From TRUMP Token

  • President Donald Trump dismissed claims of profiting from the TRUMP memecoin during an NBC News interview on May 5, 2025, conducted by Kristen Welker.
  • The TRUMP token debuted shortly before Trump's January 2025 inauguration and experienced a sharp rise after he announced an exclusive dinner event for the 220 largest holders, sparking concerns about potential conflicts of interest.
  • Senators Elizabeth Warren, Cynthia Lummis, and Adam Schiff criticized the token's ties to Trump’s position, calling for ethics probes and warning about possible financial gains.
  • The TRUMP token peaked at $44.19 but later fell to around $11.20, with 80% of tokens owned by two companies connected to Trump's associates, generating at least $900,000 in fees.
  • Trump maintains he donates his presidential salary, denies intentional profit from the token, yet calls for clearer transparency amid ongoing debates over ethics.
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Mediaite broke the news in United States on Sunday, May 4, 2025.
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