Trump sells the Truth API—Wall Street doesn’t dare not buy it! Traders must read the “market-level statements” monthly subscription, up to $100k

Trump Media & Technology Group (Trump Media & Technology Group, stock ticker code DJT) has launched a data service called Truth API. It sells Donald Trump’s real-time posts on Truth Social to high-frequency traders and hedge funds at sub-second speed, with a monthly fee of up to $100,000, going live on August 1. Because Trump himself holds about 41% of the shares in this publicly listed company through a revocable trust, the move has sparked intense debate over politics and ethics on Wall Street.
(Background: Pay for Trump’s posts to get a preview first! Truth API launches 8/1—algorithms and trading firms move to get ahead)
(Extra context: How much money did Trump make from his time as president? Calculate it and you’ll be shocked.)

Key summary

• Trump Media (DJT) launches “Truth API,” selling real-time posts from the top 10 accounts on Truth Social to traders at sub-second speed, going live on August 1.
• Monthly fee up to $100,000; signing a three-year deal can reduce it to $60,000 per month. Target customers are hedge funds and high-frequency traders.
• Trump holds about 41% of DJT shares through a revocable trust; paying to read presidential statements early has raised questions about insider trading and conflicts of interest.

Wall Street has recently started to get tense. The trigger is a promotional email pitching Trump posts, which has been circulating among trading desks for weeks. Trump Media & Technology Group (Trump Media & Technology Group, stock ticker code DJT) has launched a data service called Truth API that sells Trump’s real-time posts on Truth Social directly to high-frequency traders and hedge funds. According to Bloomberg, the email is blunt and to the point.

Provide weekly 7×24 hours of sub-second Trump post data, including weekends and after-hours trading sessions. Act as soon as possible—some of your peers are already rolling out this product.

Traders are eager to rush to get it because a single line from Trump can genuinely move the market. Last April, hours before he announced a pause on most reciprocal tariffs, Trump first posted on Truth Social: “GREAT TIME TO BUY.” At the time, many people criticized it as a scam, but three hours later, the policy came out, and U.S. stocks and Bitcoin surged. This year, his posts about the U.S.-Iran conflict have also caused oil prices to swing violently. For algorithmic trading institutions, reading a presidential post by a few milliseconds earlier than others can mean the difference between making good and making several hundred million dollars.

Sub-second rush-reading, monthly fee up to $100k

Truth API is positioned as a B2B data licensing platform, scheduled to officially launch for institutional customers on August 1. The company said it already has several customers signing early. It provides real-time posts from the “top 10 ranked accounts” on Truth Social, delivered at millisecond-level speed, covering Trump’s own @realDonaldTrump, the official White House account @WhiteHouse, FBI Director Kash Patel, White House Deputy Chief of Staff Dan Scavino, Health Secretary Robert F. Kennedy Jr., and others.

As for pricing, according to coverage by the UK’s Financial Times, the maximum monthly fee quoted by Trump Media is $100,000, and if an institution is willing to sign a three-year deal, it can be discounted to $60,000 per month. They are buying speed, and the content is only from one president. The customer segment this business targets is very clear: hedge funds, proprietary trading firms, quantitative investment institutions, and algorithmic traders—people who have long been accustomed to paying for low-latency data feeds just to capture that informational edge of a few tenths of a second.

Trump on the left as president, on the right as the largest shareholder

What truly has Wall Street up in arms is that Trump himself, through a revocable trust, holds about 41% of Trump Media’s shares, making him the largest shareholder in this publicly traded company. In other words, institutions are effectively paying the president’s company to secure early access to his “statements that move the market.” It definitely has the flavor of “making money without shame.”

Democratic Senator Adam Schiff directly blasted it, saying it is “hard to keep up with the speed at which the president uses his position to profit through corruption—this is just another trick to save his struggling social media business that he can’t keep afloat.” A CNBC reporter said the move “makes me want to vomit,” and some in the market have also questioned whether this is effectively legalizing insider trading.

Controversy aside, Truth API’s most thorny issue right now is that it is a product that almost no institution would dare refuse. If a competitor plugs into this data feed first, any institution unwilling to pay could end up falling behind by algorithmic trading the next time the president posts. After it goes live on August 1, how many Wall Street institutions will grit their teeth and pay will be the most worth-watching metric going forward.

Frequently asked questions

What is Truth API?

Truth API is a B2B data service launched by Trump Media that provides real-time posts on Truth Social from Trump and other top 10 accounts, delivered to trading institutions at millisecond speed. The monthly fee is up to $100,000, with a three-year deal reducing it to $60,000; it is scheduled to go live on August 1.

Why does Truth API spark controversy?

Trump holds about 41% of Trump Media shares through a trust, which means trading institutions are paying the president’s company in exchange for early access to his market-level statements. Democratic Senator Adam Schiff criticized this as making money off the presidency, and others have questioned whether it resembles the legalization of insider trading.