{"id":25174,"date":"2025-05-05T11:04:04","date_gmt":"2025-05-05T11:04:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25174"},"modified":"2025-05-05T11:04:04","modified_gmt":"2025-05-05T11:04:04","slug":"potus-denies-profiting-from-official-trump-trump-meme-coin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25174","title":{"rendered":"POTUS Denies Profiting From Official Trump (TRUMP) Meme Coin"},"content":{"rendered":"
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During a recent lengthy interview with NBC News\u2019 Kristen Welker, US President Donald Trump said he hadn\u2019t even looked at what is happening with the meme coin launched by his team just ahead of his inauguration.<\/p>\n

He claimed that he hadn\u2019t profited in any form from it, but there are multiple reports that the team had transferred substantial quantities of the token to centralized exchanges in recent weeks, most likely to sell.<\/p>\n

No Profits, Says Trump<\/h2>\n

Just a few days before he officially became the 47th US president in mid-January, Trump\u2019s team broke the Internet<\/a> by launching a meme coin dubbed Official Trump (TRUMP). In mere hours, it became a global sensation, with its price skyrocketing past $70. Its market cap flew as well, and TRUMP became the third-largest meme coin within a day of its launch.<\/p>\n

However, the subsequent release of a Melania token, as well as his controversial first 100 days in office, led to a somewhat expected crash. TRUMP dropped from over $70 to under $8 by mid-April when the team behind it announced on the official website that the top 220 holders would have a chance to attend a special dinner with the POTUS in one of his golf establishments in DC.<\/p>\n

Naturally, people rushed to buy<\/a> the asset, pushing its price north by almost 100% within a few days. Despite this massive volatility, price increases (and crashes), and a multi-billion dollar market cap, Trump claimed in his interview with Welker that he is \u201cnot profiting from anything.\u201d On a follow-up question, \u201cSo you\u2019re not profiting off of the cryptocurrency at all,\u201d Trump said:<\/p>\n

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\u201cI haven\u2019t even looked. If I own stock in something, and I do a good job, and the stock market goes up, I guess I\u2019m profiting,\u201d he answered<\/a>.<\/p>\n<\/blockquote>\n

Isn\u2019t He, Though?<\/h2>\n

Blockchain is an interesting niche as it offers full transparency, and all transactions are visible to the public. As such, it\u2019s intriguing to explore a few reports<\/a> suggesting that the TRUMP meme coin team deposited large quantities of the asset to centralized exchanges just as its price shot up after the dinner announcement.<\/p>\n

Similar on-chain information<\/a> surfaced even after the token\u2019s launch in January. Consequently, it\u2019s no wonder that numerous Democrats have requested an investigation into the president and his team regarding the controversial meme coin(s).<\/p>\n

The post POTUS Denies Profiting From Official Trump (TRUMP) Meme Coin<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

During a recent lengthy interview with NBC News\u2019 Kristen Welker, US President Donald Trump said he hadn\u2019t even looked at what is happening with the meme coin launched by his team just ahead of his inauguration. He claimed that he hadn\u2019t profited in any form from it, but there are multiple reports that the team […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25174","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25174"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25174\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}