Another participant stressed that the $TRUMP meme coin was a “cash grab” to “prey” on his crypto-savvy followers. “He’s a grifter,” he said. “Many things can be said about Donald Trump, but he knows how to make money. Not necessarily in an honest way,” he reportedly stated.
Trump was elected with the support of over 43% of 18-to-29-year-olds. Nonetheless, this has shrunk to 19% according to a recent Fox News poll. This sentiment opposes the positive relationship that crypto industry figures have with Trump, as he was one of the main drivers for the Digital Asset Market Clarity Act, known as the CLARITY Act, which failed to get the necessary votes for cloture in the Senate last month.
But this notion is shared not only by retail investors but also by investors in Trump’s own memecoin and crypto companies.
Morten Christensen, an investor with a sizable $TRUMP token holding, stressed that the president’s reputation had suffered and was “not as good as it was when he was running for president.” He became aware of that when attending the second meme coin event in Mar-A-Lago this year, when online reactions to his trip were negative and very different from the ones he received at the first meme coin event in May 2025. “I definitely saw a big shift,” he stated.
Trump’s financial records indicate he has earned at least $500 million from World Liberty Financial token sales, which issued USD1, a dollar-pegged stablecoin with a market capitalization of over $4 billion.