Policy · 2h ago
Trump Memecoin Crash Wipes $3.8B from Investors, President Nets $636M
Nearly one million investors lost a combined $3.8 billion on the $TRUMP memecoin, while President Trump personally earned $636 million from the token's launch. The collapse highlights the risks of celebrity-endorsed cryptocurrencies and regulatory gaps. The token's value plummeted after an initial surge, leaving retail holders with massive losses.
Meridian48 take
The story underscores how political figures can profit from unregulated crypto schemes at the expense of retail investors, raising questions about ethics and oversight.
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Trump Memecoin Investors Lose $3.8 Billion, President Earns $636 Million →
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