Trump Coin’s $2 Billion Collapse: Insiders Profit as Investors Suffer.
The Trump-branded cryptocurrency launched just days before Donald Trump’s inauguration has left thousands of investors facing significant losses.
Initially soaring to a peak of $75 per token, the so-called “Official Trump” coin has since tumbled to around $16.50, wiping out billions in value.
While the broader market downturn has impacted many digital assets, this particular token stands out for its ties to the sitting president and the windfall profits secured by a select few.
According to the New York Times, the Trump family and its partners have amassed nearly $100 million in trading fees from the venture, most of which remains uncashed. At the same time, an analysis of blockchain transactions conducted by Chainalysis and Nansen shows that early traders—31 in total—raked in $669 million in profits, leaving 813,294 other wallets collectively nursing $2 billion in losses.
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