President Donald Trump Officially Speaks Out About the Memecoin He Issued

After more than four days since the release of the memecoin, President Donald Trump has finally spoken out about it.

President Donald Trump Officially Speaks Out About The Memecoin He Issued

During a press conference on the morning of January 22, 2025, President Donald Trump officially shared his thoughts on the TRUMP memecoin, which he launched—a phenomenon that has shaken the crypto market in recent days.

https://x.com/DegenerateNews/status/1881841069249458241
https://x.com/DegenerateNews/status/1881841069249458241

I don’t know much about it, other than the fact that I agreed to launch it. I’ve heard it’s very successful, but I haven’t looked into it further.

President Trump said during a discussion with SoftBank founder Masayoshi Son, OpenAI CEO Sam Altman, and Oracle chairman Larry Ellison.

When informed about the “several billion-dollar” market capitalization of the TRUMP token, the U.S. President humorously replied:

Several billion dollars? That’s just pocket change for the gentlemen here!

referring to the billionaires participating in the discussion.

Launched on January 18 on the Solana blockchain, the TRUMP token has created an unprecedented craze. Within just 48 hours, its market capitalization skyrocketed to nearly $15 billion, setting a new growth record in memecoin history.

However, the Trump family’s decision to release the MELANIA memecoin just two days later sparked backlash from the community. Many investors criticized the move, claiming it was intended to “dilute” the value of the original project for profit.

Memecoin TRUMP
Memecoin TRUMP

Notably, during the same event, President Trump, along with leaders from SoftBank, OpenAI, and Oracle, announced the Stargate project—a $500 billion joint venture to develop AI infrastructure.

Related: President Donald Trump Decides to Grant Clemency to Ross Ulbricht

The price of the TRUMP token previously dropped by more than 30% after President Trump’s first day in office when he failed to provide specific crypto policies. However, following his latest remarks about the memecoin bearing his name, the market has shown signs of positive recovery.

(5 votes)

3.8/5

(5 votes)

Latest

World’s Richest Youtuber Mrbeast Registers His Own Finance And Crypto Brand

News | Editor Choice | Policy & Regulations

World’s Richest YouTuber MrBeast Registers His Own Finance and Crypto Brand

The world’s richest YouTuber, MrBeast, has made a bold move into the world of finance and cryptocurrency with his new brand “MrBeast Financial”, signaling his ambition to build a global fintech empire.

Deepseek Surpasses Grok And Openai In Crypto Trading Showdown

News | AI | Editor Choice

DeepSeek Surpasses Grok and OpenAI in Crypto Trading Showdown

DeepSeek is making waves across the crypto and tech communities as it takes the lead in Alpha Arena — a live crypto trading competition among the world’s top artificial intelligence models, outperforming both Elon Musk’s Grok and OpenAI’s GPT-5.

Bitcoin’s Two Failed Rallies Signal Weakness

News | Bitcoin | Editor Choice

Bitcoin’s Two Failed Rallies Signal Weakness

The Bitcoin (BTC) market is entering a tense phase as bullish momentum fades after two consecutive failed recovery attempts. While the price still holds key support levels, on-chain data suggests the market may be shifting toward accumulation, with long-term holders (LTHs) quietly building their positions.

Bio Soars 58% After Upbit Listing, Desci Tokens Make A Powerful Comeback

News | Altcoin | Editor Choice

BIO Soars 58% After Upbit Listing, DeSci Tokens Make a Powerful Comeback

South Korea’s crypto market just witnessed a major explosion as Upbit, the country’s largest exchange by trading volume, announced the listing of BIO Protocol’s native token, BIO. Following the news, the altcoin skyrocketed over 58%, while its trading volume surged by more than 500% within hours.

Ripple Chairman Accused Of Dumping 50m Xrp On Retail Investors

News | Altcoin | Editor Choice

Ripple Chairman Accused of Dumping 50M XRP on Retail Investors

The XRP community is in turmoil after a new claim by CryptoQuant analyst Maartunn alleged that Ripple Chairman Chris Larsen sold off 50 million XRP, “dumping” on retail investors. However, industry experts quickly pushed back, clarifying that the transaction was not a sell-off as speculated.

Screenshot 2025 10 20 091338