Donald Trump says he does not earn money from the Trump token – despite controlled entities that hold 80% of the offer and generate hundreds of thousands of dollars in fees.
In a recent interview With NBC, the former president minimized concerns about the benefit of the token bearing his name: “I do not take advantage of anything,” he said, adding that he had not even checked how the room was going.
Then came a warning:
If I have stocks in something, and I do a good job and the market goes up, I suppose I take advantage.
– Trump
Trump distances from his own token
But the data Tell a different story. The token generated $ 900,000 in transaction costs in just two days. The upper portfolios that keep Trump are controlled by CIC Digital LLC – the same company behind the president's NFT – and Fight Fight Fight LLC, which it also cogends. Together, they control 80% of the total token offer.
An analysis of March by the Financial Times estimated The project has already reported at least $ 350 million: $ 314 million from token sales and an additional $ 36 million in costs. The president did not dispute these figures, but argues that he is not involved in the daily management of the token.
The token, which culminated at $ 73.43 on January 19, has since cracked almost 85% and is now negotiated about $ 11.08 at the time of the press. The token, despite the 20% rebound in mid-April, lost about 27% in just a week.
In addition, the president did not seem to know the decline, asking during the interview what the medal was worth now.
The project received new attention at the end of April after the Trump website announced an invitation to dinner for the best tokens holders scheduled for May 22. Critics – including republican senators Cynthia Lummis and Lisa Murkowski – called the move contrary to ethics, arguing that it blurs the border between personal enrichment and the public service.
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