The once flying Trump Meme coin has crashed and has cost investors billions of dollars. The so -called “official Trump” coin, which once fell up to $ 75 per token, is currently only $ 16.00 worth $ 16.00. According to Grapevines, US President Donald Trump and his friends went away with a fortune, while regular dealers suffered a strong blow.
Early birds made a fortune
According to statistics from Nansen and Chainalysis, a few early retailers enjoyed astonishing profit. Anonymous account apparently acquired $ Trump coins worth 1.1 million US dollars just a few hours before the formal start. After they had sold for 50 million US dollars, the same wallet was trading and finally made an incredible profit of 109 million US dollars.
Another dealer who bought in just two minutes after the start went away with almost 3 million US dollars. In total, more than 30 early birds collected amazing profits of 670 million dollars within a few days.
In the meantime, a much larger group of investors did not have so happy. Data show that over 813,000 items of items – the likely retail dealers and Trump supporters – were either sold with loss or still contain coins that have lost most of their value. In total, these investors stare at an estimated 2 billion US dollars of paper losses.
So done $ Trump Crap.
Sold everything for a joke!
– Shawn Whitson (@shawnwhitson) January 31, 2025
It will take up to $ 5
– Professor Oak 🍎 🌳 (@my_name_is_l69) February 1, 2025
Trump’s alleged payday of $ 100 million
The New York Times reports that the Trump family and its partners have grown in almost 100 million US dollars. In addition, most of the money has not even been triggered. The time of the start of the coin – just three days before Trump, who took up his office – collects eyebrows, especially in view of its influence on the regulations for cryptocurrencies.
Critics argue that this is a clear conflict of interest, while the supporters only see it as another company company with Trump brands.
The Trump campaign has not commented on the allegations of insider trade, but political and financial analysts examine the effects. Figures such as the Skybridge founder Anthony Scaramucci and the crypto investigator Stephen Findeisen (Coffezilla) have already beaten up the project as a textbook “Pump and Dump” scheme.
Pendants left empty hands
Many of Trump’s own supporters were among the greatest losers in the fall of the $ Trump token. One example is Shawn Whitson, a small business owner from North Carolina. On the day of the inauguration, he enthusiastically published both Trump’s return to the White House and his investment in the coin. Weeks later, his melody changed. “Made with this $ Trump,” he wrote and called the entire project a joke.
While the Trump family is exposed to criticism, they appear unimpressed. They recently announced the start of Truthfi, a financial platform that aims to be an alternative for investors. It remains to be seen whether the Maga community will gather behind this new company, but at the moment thousands of investors lick their wounds from the collapse of the Trump Meme coin.
Selected picture of Reuters, Diagram by Tradingview