The $TRUMP meme coin, launched by Donald Trump on January 17, 2025, skyrocketed over 300% before crashing—shedding around 85–90% of its value and triggering heavy losses for retail buyers. Early adopters saw gains, but most investors got hurt: Chainalysis reported about 764,000 wallets lost money, and The New York Times estimated more than 800,000 buyers lost over $2 billion, while Trump-linked entities pocketed roughly $100–$350 million in fees . Price analysis shows ongoing weakness, with potential dips to record lows near $7 . A high-profile dinner for top holders raised ethical concerns, especially as nearly half of attendees still faced losses . Overall, it resembles a textbook "pump-and-dump", benefiting the issuer at the expense of small investors.