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.

3.8/5

(5 votes)

Latest

Azcnews Breaking Zklend Loses $4.9m In Starknet Exploit

News | Editor Choice | Policy & Regulations

zkLend Loses $4.9M in Starknet Exploit, Offers Hacker 10% Bounty for Return of Funds

Decentralized lending protocol zkLend has fallen victim to a $4.9 million exploit on the Starknet network, marking a resurgence in crypto-related hacks after a decline in January.

Azcnews Breaking Us And Uk Refuse To Sign International Agreement On Ethical Ai

News | AI | Editor Choice

US and UK Refuse to Sign International Agreement on Ethical AI

The US and UK declined to sign an international AI agreement, citing concerns over excessive regulation, while the summit emphasized ethical AI development, innovation, and global cooperation.

Azcnews Breaking Bitcoin’s Price Fluctuation And The Role Of Otc Transactio

News | Bitcoin | Editor Choice

Bitcoin’s Price Fluctuation and the Role of OTC Transactions

Bitcoin briefly dropped to $94,900 last night before recovering slightly. While market sentiment and institutional strategies often dominate discussions on Bitcoin’s volatility, the impact of over-the-counter (OTC) transactions remains an overlooked but crucial factor.

Azcnews Breaking Bnb Chain’s Four.meme Suffers $183k Exploit In Security Breach

News | Editor Choice | Memecoin

BNB Chain’s Four.Meme Suffers $183K Exploit in Security Breach

The memecoin launch platform has temporarily suspended the creation of new liquidity pools as it works to resolve a recent exploit.

Azcnews Breaking Litecoin Etf Has A 90% Chance Of Sec Approval

News | Altcoin | Editor Choice | Policy & Regulations

Litecoin ETF Has a 90% Chance of SEC Approval

Bloomberg ETF analysts suggest that Litecoin's regulatory filings have been acknowledged, indicating that the SEC likely classifies it as a commodity.