Trump's Meme Coin Crash Leaves Investors with Billions in Losses
TL;DR Summary
Nearly 1 million investors in Trump's WLFI-backed memecoin lost about $3.8 billion as the token TRUMP plunged from a peak of $75.35 to around $1.76, while Donald Trump reportedly profited about $636 million from the venture; critics called the operation a Ponzi-like scheme, and there was no immediate comment from Trump’s team or the White House.
- Trump’s Crypto Fans Rocked by Jaw-Dropping Losses Yahoo Finance
- Wes Moore: There is ‘something fundamentally wrong’ with Trump making $1B in crypto money The Hill
- Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin The New York Times
- The Unprecedented Profiteering Revealed by Donald Trump’s Financial Disclosure The New Yorker
- Bessent on Trump's crypto earnings: "I don't think there's an appearance problem" CBS News
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