All articles tagged with #memecoin
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.
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.
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 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.
Trump disclosed earning more than $1 billion from cryptocurrencies tied to his family businesses, while about 1 million wallets holding his memecoin have incurred roughly $4.5 billion in net losses since trading began in January 2025, highlighting a stark contrast between his gains and investors' losses.
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.
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.
Tickets for Trump's Mar-a-Lago VIP memecoin event have fallen by more than 80% to about $539,000, with almost 300 winners investing a median that amount—far below last year's $3.28 million—as the $TRUMP token has cratered, fueling ethics concerns, lawmakers' questions, and lawsuits surrounding the project.
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.
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.
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.
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.
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.
A crypto analyst predicts Dogecoin could surge to nearly $7, reaching a $1 trillion market cap, driven by historical patterns and current breakout trends, potentially leading to over 2,600% gains in this cycle.
Pump.fun's ICO sold out in just 12 minutes, raising $600 million by selling 150 billion tokens, with mixed reactions from the community regarding its legitimacy and potential. The event highlights the rapid growth and speculative nature of memecoins, prompting caution among investors.