Key Takeaways
- Trump denies making the most of TRUMP token regardless of $350M income.
- Two Trump-linked entities management 80% of the token provide.
- The primary token unlock was valued at $454 million on April 18.
In an NBC “Meet the Press” interview aired Might 4, former President Donald Trump pushed again on accusations that he’s making the most of crypto ventures whereas in workplace, insisting…
… I’m not making the most of something.
TRUMP Token and Its Worth
When pressed by host Kristen Welker concerning the TRUMP token, launched simply earlier than his second time period started, Trump responded:
I haven’t even appeared.
He appeared unaware of its present worth.
He requested through the interview:
How a lot is it price now?
The TRUMP token debuted on January 17 and briefly spiked to $73.43 earlier than falling practically 85%.
It at present trades round $11.35.
Management and Launch of TRUMP Tokens
Two entities tied to Trump — CIC Digital LLC and Battle Battle Battle LLC — management 80% of the token’s 1 billion provide.
In response to filings, the tokens are locked and scheduled for launch by 2028. The primary 40 million tokens, price $454 million, had been unlocked on April 18.
Monetary Evaluation and Criticism
A Monetary Occasions evaluation estimated that Trump’s crypto ventures have already generated at the very least $350 million — $314 million from token gross sales and $36 million in charges.
Regardless of criticism from each events, Trump declined to say whether or not he’d donate any crypto proceeds.
He stated:
Ought to I contribute all of my actual property that I’ve owned for a few years if it goes up a bit bit as a result of I’m president? I don’t suppose so.
Trump’s Stance on Bitcoin
Trump reiterated his stance on Bitcoin, saying:
I need crypto… it’s very talked-about, it’s very popular.