Asked about the meme coin he launched, Trump said: I did not make any profit.

US President Donald Trump stated in an interview aired last night on NBC that he has not made any profit from the meme coin he created, TRUMP.

Trump, in response to journalist Kristen Welker reminding him that the price rose after it was announced that the people with the most coins would be invited to dinner with the president, said, "I have no idea how much it went up."

Welker, while expressing that some people are concerned and criticize that "he is profiting by using his presidency," Trump responded, "I am not profiting from anything. I already said this before the election. I want crypto and this issue is important. Because if we don't do this, China will. It is both new and very popular and in demand. When the market fell, the crypto market remained stronger than the others. Moreover, this is something millions of people want and demand."

"I was already very rich, becoming president even cost me money"

The President of the United States said the following in response to persistent questions about whether he is making a profit:

"I never looked. Let me say this, if you invest in something and do a good job, then of course you could have made a profit when the market goes up. But the real profit goes to people like Nancy Pelosi who uses insider information. She earns $175,000 a year but her fortune is between $150 and $200 million. You really need to look at them. There are some politicians who are plain outright frauds. I was already very rich before I took office. Being president has probably cost me money, if you really look at it. In fact, I'm doing something that maybe only George Washington did before me."

Launched on January 18, TRUMP quickly reached a level of 77 dollars but then experienced a sharp loss in value. The meme coin is currently trading at 11 dollars, down 85 percent from its peak level.

Published: May 5, 2025 14:15