politics @lemmy.worldEnglish · 2 days ago

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

www.thedailybeast.com

cross-posted to:
news@lemmy.world

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

www.thedailybeast.com

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politics @lemmy.worldEnglish · 2 days ago

cross-posted to:
news@lemmy.world

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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2 days ago
My heart goes out to these people. In order to help make them whole, I’ll be launching a new crypto currency. This one is going to the moon, so go ahead and buy now!

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