Trump’s Meme Coin Crash: Investors Lose $3.8B While He Profits
TL;DR Summary
Trump’s memecoin saga left nearly 1 million investors about $3.8 billion poorer as the coin tumbled 97% from a peak of $75.35 to around $1.76, while Trump reportedly netted roughly $636 million from the venture and related crypto products, amid ongoing scrutiny and a debate over potential Ponzi-like schemes.
- President Donald Trump's Crypto Fans Rocked by Jaw-Dropping Losses The Daily Beast
- Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin The New York Times
- Bessent on Trump's crypto earnings: "I don't think there's an appearance problem" CBS News
- The Unprecedented Profiteering Revealed by Donald Trump’s Financial Disclosure The New Yorker
- Wes Moore: There is ‘something fundamentally wrong’ with Trump making $1B in crypto money The Hill
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