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Trump Memecoin Fortune: $1.4B Rise, Locked WLFI, and a Wallet Worth Zero
business1 month ago

Trump Memecoin Fortune: $1.4B Rise, Locked WLFI, and a Wallet Worth Zero

A Benzinga/Yahoo Finance piece outlines a trader leveraging the TRUMP memecoin to secure invites to events hosted by President Trump, while Trump’s crypto fortune is pegged at about $1.4 billion with over $635 million in royalties; about 80% of WLFI tokens are locked, with the trader calling the asset effectively worth zero in practice. The memecoin briefly surged to a multibillion-dollar market cap before crashing, leaving on-chain data showing roughly $3.8 billion in investor losses from nearly a million holders. Trump reportedly earned more than $520 million from WLFI token sales and $65 million from WLFI’s holding company, sparking ethics and conflicts-of-interest discussions, though Trump and White House officials say the activity was legal.

via Yahoo Finance|
#business#ethics#memecoin
Trump’s Investor Fallout: Billions Lost in Truth Social and Memecoins
business1 month ago

Trump’s Investor Fallout: Billions Lost in Truth Social and Memecoins

Forbes reports that Donald Trump’s post‑White House ventures—Truth Social, World Liberty Financial, and related memecoins—left investors about $7 billion poorer, while Trump reportedly netted roughly $3 billion; the piece highlights individual losses, including a truck driver who poured life savings into Trump-linked assets, and dramatic declines in the associated tokens.

via Yahoo Finance|
#business#investors#memecoin
Carville Cheers Trump Fans’ Meme Crash as 'Good for America'
politics1 month ago

Carville Cheers Trump Fans’ Meme Crash as 'Good for America'

Veteran Democratic strategist James Carville celebrated reports that nearly one million Trump supporters lost about $3.8 billion buying the Trump-themed memecoin $TRUMP, calling the losses a 'good thing for America' in a Politicon clip; the New York Times reported the figures, noting Trump profited more than $600 million from the meme, while Carville derided the investors with profanity.

via Yahoo|
#james-carville#memecoin#new-york-times
Trump’s Billion-Dollar Windfall: Crypto Fees Far Outpace Investor Gains
business1 month ago

Trump’s Billion-Dollar Windfall: Crypto Fees Far Outpace Investor Gains

CNN reports that Donald Trump launched the $TRUMP memecoin ahead of his inauguration, and while most investors in the token lost money as its value collapsed, Trump’s companies collected hundreds of millions in transaction fees, licensing revenue, and token sales. The Trump Organization affiliates reportedly control about 80% of the supply, allowing him to profit from the token’s market activity regardless of price moves. Overall crypto gains attributed to 2025 largely came from these crypto-related revenue streams rather than direct investments, even as the broader market saw a sharp decline from peak valuations.

via CNN|
#business#crypto#fees
Trump’s crypto windfall: a billion-dollar year from stablecoins and memecoins
business1 month ago

Trump’s crypto windfall: a billion-dollar year from stablecoins and memecoins

The Conversation piece claims Trump earned over $1 billion from crypto last year via three assets tied to World Liberty Financial: the USD1 stablecoin, WLFI governance token, and the $TRUMP memecoin. It explains USD1’s interest-earning model (backed by dollars and Treasury bonds), Binance’s involvement in USD1, a $2 billion UAE fund investment that boosted reserves, and significant profits from the memecoin venture, while noting investigations, regulatory scrutiny, pardons, and concerns about conflicts of interest.

via The Conversation|
#business#cryptocurrency#memecoin
politics4 months ago

Trump’s Memecoin Momentum Fades Ahead of Mar-a-Lago Conference

Trump’s $TRUMP memecoin has fallen more than 95% from its January 2025 high, and a Mar-a-Lago investor dinner this weekend is drawing far less trading than last year’s event. Where the 2025 run-up saw about $12.9 billion in token trading, this year’s activity sits around $1.4 billion. Critics call the venture a self-enriching scheme and ethics watchdogs are watching for conflicts of interest as Senate Democrats push for stronger guardrails. The Mar-a-Lago lineup includes crypto executives plus Mike Tyson and Tony Robbins; Trump will speak at the luncheon and is expected to be in Washington later for the White House Correspondents’ Dinner.

via Politico|
#crypto#ethics#mar-a-lago
Trump Allies Face Class-Action Over Lets Go Brandon Memecoin Promises
cryptocurrencies6 months ago

Trump Allies Face Class-Action Over Lets Go Brandon Memecoin Promises

A class-action lawsuit accuses Steve Bannon and Boris Epshteyn of promoting the Lets Go Brandon Coin memecoin as a serious financial project while allegedly exercising centralized control, misrepresenting its decentralization and real-world utility, and involving unregistered securities concerns; the coin was originally launched on Binance Smart Chain and is tied to broader political-crypto tensions under regulatory scrutiny.

via Gizmodo|
#boris-epshteyn#cryptocurrencies#lets-go-brandon-coin
Gilded Colossus: Meme-Coin Backers Push Ahead on Trump Statue Venture
business6 months ago

Gilded Colossus: Meme-Coin Backers Push Ahead on Trump Statue Venture

A group of crypto investors funded a 15-foot gilded statue of Donald Trump to promote the $PATRIOT memecoin, installing its pedestal at Trump’s Doral golf complex with plans for an unveiling that may involve the president; the project has been derailed by delays, infighting, and a collapse in the coin’s value, while the sculptor says he’s owed money and IP rights are disputed, and neither the White House nor the Trump Organization have confirmed involvement.

via The New York Times|
#business#cryptocurrency-investment#don-colossus
CR7 Memecoin Surges to $140M Before Rug Pull
cryptocurrency1 year ago

CR7 Memecoin Surges to $140M Before Rug Pull

A rumored Cristiano Ronaldo-themed memecoin briefly surged to a $140 million market cap before collapsing in a rugpull, exemplifying how celebrity names are exploited in crypto scams, with influencers on the Solana blockchain exiting within 20 minutes and pocketing around $50,000. The incident highlights the ongoing risks and hype in the memecoin space, especially involving celebrity endorsements.

via AMBCrypto|
#celebrity-scams#cr7-memecoin#crypto-market
Cryptocurrency Group Behind WNBA Sex Toy Disruptions
world1 year ago

Cryptocurrency Group Behind WNBA Sex Toy Disruptions

A group of crypto investors claimed responsibility for throwing green sex toys onto WNBA courts during games to promote a memecoin called Green Dildo Coin, which has a market cap of around $15 million. The pranks, intended as a humorous trend to revive meme culture, have caused outrage and led to arrests, but the organizers see them as a successful way to generate attention and financial gain for their digital tokens.

via NBC News|
#cryptocurrency#memecoin#pranks