**80% crypto investors bought TRUMP, LIBRA memecoins*
A joint research study report by ChainPlay and Storible proves that high-profile memecoins such as TRUMP and LIBRA have failed most investors who acquired them, costing a collective loss of $3.94 billion. Additionally, a survey was conducted of over 1000 crypto investors where at least 80% claimed to have bought $TRUMP, $CAR and $LIBRA memecoins, that were endorsed by different presidents including Donald Trump.
The LIBRA memecoins under the support of Argentina’s president proved to be a major failure as investors lost $292 million from 75% of their investments. Car delivered modest return success to its investors though sixty-six percent of stakeholders lost money. Viral marketing along with political relevance pulled 37% of novice crypto buyers towards purchasing such memecoins that received presidential endorsements.
Many investors abandoned cryptocurrency after their experiences with these volatile tokens because they decided to leave the market altogether. Twenty-one percent of them chose complete departure from crypto. The interest in political-themed memecoins appears to produce short-term engagement that leads new investors towards skepticism about cryptocurrency market opportunities.
