#breakingnews #MarketPullback

Donald Trump Denies Financial Ties to Surging TRUMP Token

Former President Donald Trump has denied profiting from the recent rise of the TRUMP memecoin, despite blockchain data linking the token to entities tied to his digital ventures. The cryptocurrency, which launched just days before Trump’s most recent inauguration, has seen a 20% price increase over the past month and is currently trading at approximately $11.20, down from its peak of $44.19.

According to blockchain analytics firm Chainalysis, wallets linked to the TRUMP token generated $900,000 in fees within a two-day period. These wallets are largely controlled by CIC Digital LLC and Fight Fight Fight LLC—organizations involved in managing Trump’s official NFT collection and reportedly holding 80% of the token’s supply.

In a recent interview with NBC News, Trump distanced himself from the coin’s performance. “I’m not profiting from anything,” he said, adding that he hasn’t followed the token’s market activity. “If I own stock in something and I do a good job, and the stock market goes up, I guess I’m profiting,” he remarked, downplaying any direct involvement.

Despite the controversy, the White House announced a high-profile event inviting the top 220 holders of the TRUMP token to an exclusive dinner with President Trump. Meanwhile, Eric Trump is set to speak at Consensus 2025 in Toronto, further highlighting the Trump family’s growing presence in the crypto and digital asset space.