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Trump Memecoin Loses Billions for Retail Investors as President Reports Mega Earnings
politics11 days ago

Trump Memecoin Loses Billions for Retail Investors as President Reports Mega Earnings

Data from blockchain analytics firm Nansen shows about 66% of the 1.48 million wallets that bought the $TRUMP memecoin—roughly 988,905—had lost money by the end of June, totaling about $3.81 billion in losses, even as President Trump disclosed $636 million in earnings from the token. The losses largely fell on retail investors, with fewer than 500,000 people profiting, mostly early buyers, while insiders (including Trump-affiliated entities) hold a large stake and collect fees as trading continues.

via Yahoo|
#cryptocurrency#investors#losses
Ross Gerber Ties Trump's $1B Crypto Windfall to Bitcoin's Decline
business16 days ago

Ross Gerber Ties Trump's $1B Crypto Windfall to Bitcoin's Decline

Renowned investor Ross Gerber links President Trump's reported $1B in crypto profits to Bitcoin's slump, saying 'the grift is real' and that Trump's windfall—over $1B in his first year via cryptocurrency ventures, including about $635M in royalties from the TRUMP memecoin and activity through World Liberty Financial—helps explain why Bitcoin 'went down and isn't going anywhere.' The piece notes political backlash and growing calls for crypto regulation, while BTC trades near $60,100 after a recent move.

via Yahoo Finance|
#bitcoin#business#cryptocurrency
Trump Family Profits Billions From Crypto While Retail Investors Lose Billions, Reuters Says
cryptocurrencies1 month ago

Trump Family Profits Billions From Crypto While Retail Investors Lose Billions, Reuters Says

Reuters’s analysis, cited by Gizmodo/io9, finds the Trump family generated at least $2.3 billion in profit from Trump‑linked crypto since the presidency, while investors lost about $2.3 billion; most profits reportedly came from WLFI, World Liberty Financial’s governance token, with the Trumps taking a 75% cut and holding about 60% of the company, though WLFI says it is not an investment product. The token has fallen from roughly $0.31 to $0.05, and other Trump‑linked assets like the $Trump memecoin are noted. The piece also touches on investor types, legal disputes, and backing from entities such as AI Financial. Overall, it presents a symmetrical but troubling portrait of meme‑crypto where a political family profits while ordinary investors incur losses.

via Gizmodo|
#cryptocurrencies#trump-family#trump-memecoin
Trump's Meme Coin Gains and Disputes Amid Family and Investment News
business1 year ago

Trump's Meme Coin Gains and Disputes Amid Family and Investment News

The Official Trump memecoin briefly rose 6% after Eric Trump announced that World Liberty Financial (WLF) plans to acquire a significant stake, but the price quickly retreated, and some crypto commentators expressed skepticism about the strength of the rally. The coin is currently valued at around $2 billion, but has seen an 8.65% decline over the past month, amid controversy over a proposed wallet and family involvement in crypto projects.

via Cointelegraph|
#business#cryptocurrency#eric-trump
World Liberty to Invest in Trump Meme Coin Amid Wallet Dispute
defi1 year ago

World Liberty to Invest in Trump Meme Coin Amid Wallet Dispute

Eric Trump announced that the Trump memecoin $TRUMP will be supported by World Liberty Financial, which plans to acquire a substantial long-term position, despite the shelving of an official Trump wallet due to public confusion and legal issues. The project aims to promote patriotism and innovation in crypto, with ongoing developments in the Trump meme and related financial activities.

via The Block|
#cease-and-desist#cryptocurrency#defi