U.S. President Donald Trump recently completed his 100th day of presidency on April 30, 2025. But he has been facing criticism due to his contradictory statements related to his involvement with his memecoin, Official Trump (Trump).
On the completion of the 100th day, Trump appeared in an interview with Kristen Welker on NBC News ‘ Meet the Press. Trump denied profiting from the token, saying, “I haven’t even looked,” when asked about profits from the cryptocurrency, specifically his memecoin that he had launched 2 days prior to his inaugural ceremony.
Trump added, “If I own stock in something and I do a good job, and the stock market goes up, I guess I’m profiting.” This answer has fueled criticism over potential conflicts of interest, as Trump has been a pro-crypto leader promoting a crypto-friendly agenda while seemingly tied to a profitable token launch.
Official Trump was launched on January 17, 2025, surging at $73.43. The token has since dropped around 85%, now trading at $11.12. Token recently spiked after a promotional offer was announced, promising a dinner with Trump on May 22 to top holders.
CIC Digital LLC, an affiliate of Trump’s sprawling Trump Organization and Fight Fight Fight LLC, co-owned by CIC Digital, owns 80% of the token’s total 1 billion supply combined.
While Trump pledged to donate his presidential paycheck, he dodged a similar commitment on crypto profits, saying, “ I never thought of that.” The controversy has even drawn criticism from within his party, with GOP senators expressing concern over the ethical implications of monetizing political influence through cryptocurrency.
