BREAKING: Trump’s $TRUMP Crypto Coin Implodes, Investors Lose Billions
A new report reveals over $2 billion in losses from Donald Trump’s cryptocurrency, $TRUMP, after a dramatic crash in value. Launched just days before his inauguration, the coin initially surged from $0.18 to $75, before plunging to around $16.
According to Chainalysis, more than 810,000 wallets lost money. One anonymous wallet suspiciously bought nearly 6 million coins ($1.1 million worth) within minutes of Trump’s announcement, then sold for a $109 million profit just two days later — sparking insider trading concerns.
Trump and associates have reportedly made over $100 million in trading fees. Critics, including a former SEC advisor, warn of serious conflicts of interest, as Trump could influence crypto regulations while profiting from unregulated schemes.
