Trump's Crypto Venture Crashes as Investors Lose $7B
After leaving the White House, Donald Trump launched Truth Social via the Trump Media and Technology Group and expanded into crypto with World Liberty Financial and various Trump-family memecoins (including Melania Trump’s coin) and American Bitcoin. Forbes reports he personally netted about $3 billion, while investors lost roughly $7 billion as the assets cratered (Trump Media down around 89%, World Liberty Financial about 82%, Trump memecoin about 98%, Melania’s token around 99%, American Bitcoin about 95%). The piece highlights individual investors who risked life savings—one truck driver who amassed $100,000 only to see it vanish, another who plowed in hundreds of thousands and called it a scam—while noting comment attempts from Trump’s camp and related entities.