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.
Insights by Ground AI
Does this summary seem wrong?
8 Articles
8 Articles
All
Left
3
Center
Right
Coverage Details
Total News Sources8
Leaning Left3Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage