President Donald Trump has spoken out amid growing scrutiny over the Solana-based TRUMP meme coin, denying any financial involvement or benefit. In an interview with NBC News, Trump firmly stated, “I’m not profiting from anything,” as questions mounted over the cryptocurrency that bears his name.
He claimed not to track the token’s performance and described any gains tied to his public position as unrelated to personal income. Trump rejected the proposal to donate potential cryptocurrency earnings by comparing such gestures to property giveaways during his presidency because of market value increases.
Multiple controversies persist around the token despite Trump’s efforts to stay uninvolved because of its promotional strategies and internal distribution methods. The previous campaign giveaway of private time with Trump to loyal investors led to increased token prices, but it raised concerns about potential conflicts between politics and ethics.
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Chart Analysis Points to Incoming Price Movement
Recent market data from TradingView shows signs of volatility in the token’s behavior. On the daily chart, TRUMP closed at $11.26, gaining 2.64 percent after reaching a low of $10.88. However, the price remains below the 20-day simple moving average at $11.34, which now acts as near-term resistance.
According to the MACD indicator, available data shows negative signals as momentum decreases, with the MACD at 0.63 while the signal remains at 0.79. The current -0.16 value in the histogram shows that bearish pressure has lost momentum since the previous month’s trading rally.
Narrowing volatility patterns within Bollinger Bands suggests an upcoming trading threshold. The token currently trades from $6.16 to $16.52, and recent consolidation shows indications that a breakout is possible because this pattern often precedes powerful directional moves.
Source: Tradingview
The situation is worsened by how ownership distribution operates. The Trump Organization keeps 80 percent of the total Trump Digital Equity tokens in one of its affiliated entities. The statement denying political use of the token exists alongside ongoing concerns about the direct links between Trump’s public personality and crypto coin promotional practices.
Conclusion
Trump has publicly distanced himself from the TRUMP token, but technical signals suggest the asset may be poised for significant price action. Market observers remain watchful as political influence and crypto speculation continue to intersect.
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