Donald Trump Is Once Again Making Waves in the Crypto World

This time, it's not for launching a new token. In just 100 days back in office, Trump's meme coin, $TRUMP, has generated over $320 million in profits

Donald Trump's meme coin, $TRUMP, has generated over $320 million in profits for entities linked to him in just 100 days, according to a Financial Times report.

Also, Top investors are being promised a private dinner with Trump,

The token, launched on January 17, 2025, peaked at $73.43 just before Trump’s inauguration but has since fallen nearly 85%. It recently experienced a spike after Trump promised a private dinner to top holders on May 22, 2025, and currently trades at approximately $11.35.

The former president's ventures in the crypto world continue to be a subject of interest and concern.

Trump's Conflicting Comments on Profits from TRUMP Coin

In a recent interview with NBC News, Trump gave conflicting responses when asked if he was profiting personally from his memecoin, Official Trump (TRUMP).

Initially, he claimed that he wasn't making anything from it. However, moments later, he admitted, "I haven't even looked," adding that if his stock went up while doing a good job, "I guess I'm profiting."

"I haven't even looked. But they say my stock has gone up very substantially while I'm doing a good job, I guess I'm profیقting," Trump said.

Trump's team has denied any conflict of interest, but with billions in potential earnings linked to these tokens, along with crypto deals involving his brand — like a $2 billion investment from Abu Dhabi — concerns over ethics and influence continue to grow.

Trump's Entities Control 80% of TRUMP Token Supply

Two entities tied to Trump's business empire, CIC Digital LLC and Fight Fight Fight LLC, control 80% of the 1 billion TRUMP token supply, according to the Financial Times. These holdings are locked and will be gradually released through 2028. In April 2025, CIC Digital unlocked tokens valued at $454 million.

The report also notes that the memecoin has generated over $350 million through token sales and transaction fees.

Trump's Support for Crypto and Growing Criticism

The former president has continued to express support for crypto, specifically warning that without U.S. innovation, China could dominate the industry.

However, some critics, including Republican senators, have questioned Trump's memecoin dealings, arguing that they may be a conflict of interest as he campaigns for crypto deregulation.

When asked if he would donate any crypto earnings like his presidential salary, Trump responded that he never thought of it.

For now, Trump's TRUMP token serves as a symbol of his ambitions in crypto — and the controversies surrounding it.