politics @lemmy.worldEnglish • 2 days ago

More than 800K have lost $2B on Trump’s meme coin

www.thedailybeast.com

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More than 800K have lost $2B on Trump’s meme coin

www.thedailybeast.com

@[email protected] to

politics @lemmy.worldEnglish • 2 days ago

cross-posted to:
[email protected]

More Than 800K Have Lost $2B on Trump’s Meme Coin

www.thedailybeast.com

The token’s price has crashed from $75 to $17.

Summary

Donald Trump’s cryptocurrency, $Trump, has led to $2 billion in investor losses.

Launched three days before his inauguration, the meme coin initially surged from $0.18 to $75, allowing early traders to profit massively.

However, its value has since plummeted to $17, leaving over 810,000 crypto wallets at a loss.

Meanwhile, Trump and his family have earned over $100 million in trading fees.

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50•2 days ago
Lol. Invest in the guy who bankrupted casinos? Lol, no thanks
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  3•1 day ago
  Technically it’s not really an investment in his business, it’s more like buying a collectable with limited supply. But yes, it’s still dumb to buy this coin lol

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