President Trump Denies Gaining Financially from His Official Meme Coin

In a recent interview, President Trump denied receiving any profit from the Official Trump Meme Coin, launched by his team prior to his inauguration. Despite claims of substantial token transfers to exchanges possibly for sales, Trump insists he has not profited.

Launched just days before Trump's inauguration, the meme coin quickly became a global sensation, reaching over $70 in value and becoming the third-largest meme coin within a single day. However, controversy and the release of a subsequent Melania token led to a crash, with the coin dropping to under $8 by mid-April.

Despite this, Trump maintains he is not profiting from the coin. This has led to calls from Democrats for an investigation into the president and his team's involvement with the meme coin.