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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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The Daily Beast broke the news in United States on Sunday, February 9, 2025.
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