More Than 800K Have Lost $2B on Trump’s Meme Coin
www.thedailybeast.com
The token’s price has crashed from $75 to $17.

Summary

Donald Trump’s cryptocurrency, $Trump, has led to $2 billion in investor losses.

Launched three days before his inauguration, the meme coin initially surged from $0.18 to $75, allowing early traders to profit massively.

However, its value has since plummeted to $17, leaving over 810,000 crypto wallets at a loss.

Meanwhile, Trump and his family have earned over $100 million in trading fees.

  • @cabron_offsets
    29•4 days ago

    Good, fuckem. I made money off of those fucking moron cunts.

    • @jacksilver
      17•4 days ago

      A lot of concern I’ve heard is that it’s possible he’s using it as a payment method for bribes/influence. Since they make money on fees, you could literally just trade the coins back and forth to yourself and “give” trump money.

      • ddhEnglish
        5•4 days ago

        You can also just rent his hotel rooms and leave them empty, like the Saudis. He’s opened so many channels to funnel money to him for favour.