Investors Lost More Than $2B on Trump Coin
- Investors in the $Trump cryptocurrency have lost over $2 billion as the price dropped from a peak of $75 to about $17, according to Chainalysis.
- The cryptocurrency was launched by President Donald Trump just days before his inauguration, with early investors making significant profits.
- The Trump family and its partners have earned over $100 million in trading fees from the $Trump coin, as reported by The New York Times.
- Critics, including Corey Frayer, claim that Trump is involved in harmful crypto schemes while weakening investor protections.
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Leaning Left3Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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