Market Frenzy Meets Political Firestorm as Former President Distances Himself from Billion-Dollar Crypto Phenomenon
In a statement stirring both the crypto world and political circles, former U.S. President Donald Trump has denied substantial involvement in the TRUMP token, a digital asset that has recently drawn global attention—and scrutiny.
Launched on January 17, 2025—just days before Trump’s anticipated inauguration—the TRUMP token experienced a meteoric rise, surpassing a staggering $13 billion market cap within its first week. The rapid surge, paired with extreme volatility, has triggered widespread speculation about the asset's legitimacy and the true extent of Trump's financial and operational ties.
Speaking at a tech roundtable, Trump brushed off inquiries, stating, “I don’t know much about it other than I launched it,” downplaying the billions involved as “peanuts” compared to big tech investments. However, blockchain analytics tell a different story.
On-chain data reveals that CIC Digital LLC and Fight Fight Fight LLC—entities reportedly tied to Trump—control nearly 80% of the token’s total supply. Blockchain intelligence firms estimate that Trump-affiliated wallets have generated close to $100 million in trading fees, even as over 800,000 investors face collective losses exceeding $2 billion.
These revelations have ignited bipartisan calls for an independent probe into potential conflicts of interest and ethical violations—especially concerning financial ventures tied to a sitting president.
While the $TRUMP token continues to trade with high volatility, its trajectory has reignited critical discourse on the intersection of politics, crypto assets, and regulatory oversight. As the dust settles, one thing remains clear: the crypto landscape is no longer just about technology—it's deeply entangled with power, influence, and perception.