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Investors in Trump's Crypto Coin Are Now Screwed Beyond Belief
Futurism • • business
Key Points:
- Donald Trump’s memecoin has plummeted to an all-time low of $1.12 following the US midterm elections, down from $1.70 before the vote and about $2.00 a month ago.
- The coin’s market capitalization has dropped to around $340 million from a peak of $72 billion, reflecting a massive loss for investors.
- Early on, 21 large investors ("whales") cashed out $214 million, triggering a sharp decline in the coin’s value shortly after its launch.
- Many investors, including devoted Trump supporters, have been left with significant losses, highlighting concerns that the coin was a scam from the beginning.
- Trump reportedly earned over $1 billion from his crypto ventures since returning to office in 2025, profiting at the expense of his followers.
