#DonaldTrump recently gave a statement about his memecoin $TRUMP in an interview with Kristen Welker on NBC News' Meet the Press. Here's what he said:
- Trump's Response: When asked if he's profiting from the memecoin, Trump replied, "I'm not profiting from anything." However, he later admitted, "I haven't even looked."
-
Clarification: Trump compared owning crypto assets to owning stocks, saying if he owns stock in something and does a good job, and the stock market goes up, "I guess I'm profiting."
- Token Ownership: Trump's entities own 80% of the TRUMP token supply, which will be released periodically until 2028. The first unlock on April 18 saw 40 million tokens, worth $454 million, go to CIC Digital.
- Profit from Memecoin: According to a Financial Times analysis, Trump's memecoin project has made at least $350 million so far, with $314 million from selling tokens and $36 million from fees.
Trump's memecoin,
launched on January 17, has been volatile, surging to $73.43 initially and then declining to $11.35, down nearly 85% from its peak. Trump was unaware of the token's recent surge and asked about its current worth during the interview