Trump’s $454M Crypto Mystery: He Cashing In or Clueless
Trump claims he hasn’t checked his $TRUMP memecoin’s value, despite $454M in linked holdings. Is he profiting or just unaware?
Trump’s Crypto Conundrum: Profit or Ignorance?
In a recent NBC interview on May 4, 2025, President Donald Trump stirred controversy by claiming he hasn’t “even looked” at the value of his $TRUMP memecoin, despite entities tied to him holding 80% of its supply—worth over $454 million. Initially denying any profits, Trump later admitted uncertainty, saying, “If I own stock in something and the stock market goes up, I guess I’m profiting.” This ambiguity has sparked debates about ethics and transparency in his crypto ventures.
What’s Going On?
Launched just before his January 2025 inauguration, the $TRUMP memecoin surged to a $75 peak but has since plummeted 85%. A recent offer for the top 220 holders to dine with Trump at his Washington, D.C., golf club boosted its value by 50%, netting nearly $900,000 in trading fees for Trump and allies. Critics, including Senators Cynthia Lummis and Lisa Murkowski, call this a conflict of interest, accusing Trump of selling access to the presidency.
Launched just before his January 2025 inauguration, the $TRUMP memecoin surged to a $75 peak but has since plummeted 85%. A recent offer for the top 220 holders to dine with Trump at his Washington, D.C., golf club boosted its value by 50%, netting nearly $900,000 in trading fees for Trump and allies. Critics, including Senators Cynthia Lummis and Lisa Murkowski, call this a conflict of interest, accusing Trump of selling access to the presidency.
Why It Matters
For new crypto investors, this highlights the risks of memecoins—tokens tied to celebrities with no real utility. Their prices can swing wildly, often driven by hype rather than substance. Trump’s involvement raises red flags about potential manipulation, especially with anonymous investors possibly including foreign entities. Yet, his pro-crypto stance, aiming to make the U.S. the “crypto capital,” could loosen regulations, potentially boosting the market but also increasing scams.
For new crypto investors, this highlights the risks of memecoins—tokens tied to celebrities with no real utility. Their prices can swing wildly, often driven by hype rather than substance. Trump’s involvement raises red flags about potential manipulation, especially with anonymous investors possibly including foreign entities. Yet, his pro-crypto stance, aiming to make the U.S. the “crypto capital,” could loosen regulations, potentially boosting the market but also increasing scams.
What’s Next?
As Trump pushes crypto-friendly policies, watch for regulatory shifts and market volatility. Investors should stick to well-researched projects and avoid speculative memecoins.
As Trump pushes crypto-friendly policies, watch for regulatory shifts and market volatility. Investors should stick to well-researched projects and avoid speculative memecoins.
What do you think about Trump’s crypto claims? Comment below and stay tuned to trafy.io for more crypto updates!
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
