{"id":12212,"date":"2025-02-10T09:46:59","date_gmt":"2025-02-10T09:46:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12212"},"modified":"2025-02-10T09:46:59","modified_gmt":"2025-02-10T09:46:59","slug":"2-billion-gone-trump-meme-coin-leaves-investors-scratching-their-heads","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12212","title":{"rendered":"$2 Billion Gone: Trump Meme Coin Leaves Investors Scratching Their Heads"},"content":{"rendered":"
\n

The once-flying Trump meme coin has crashed, costing investors billions of dollars. The so-called \u201cOfficial Trump\u201d coin, which once shot up to $75 per token, is currently only worth $16.00. According to grapevines, US President Donald Trump and his friends got away with a fortune, while regular traders suffered a severe blow.<\/p>\n

Early Birds Made A Fortune<\/strong><\/h2>\n

A few early traders<\/a> enjoyed staggering profits, according to statistics from Nansen and Chainalysis. Just hours before its formal launch, one anonymous account apparently purchased $1.1 million worth of $TRUMP coins. After selling those for $50 million, the same wallet carried on trading, eventually making an incredible $109 million in total gains.<\/p>\n

Another trader who bought in just two minutes after launch walked away with nearly $3 million. In total, more than 30 early birds amassed an astonishing $670 million in gains within days.<\/p>\n

Meanwhile, a much larger group of investors wasn\u2019t so lucky. Data shows that over 813,000 wallets\u2014likely retail traders and Trump supporters\u2014either sold at a loss or are still holding coins that have lost most of their value. Collectively, these investors are staring at an estimated $2 billion in paper losses.<\/p>\n

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Done with this $Trump<\/a> crap.<\/p>\n

Sold it all, what a joke!<\/p>\n

\u2014 Shawn Whitson (@ShawnWhitson) January 31, 2025<\/a><\/p>\n<\/blockquote>\n

\n

It\u2019s gonna go to 5$<\/p>\n

\u2014 Professor Oak \"\ud83c\udf4e\" \"\ud83c\udf33\" (@My_name_is_L69) February 1, 2025<\/a><\/p>\n<\/blockquote>\n

Trump\u2019s Alleged $100 Million Payday<\/strong><\/h2>\n

The New York Times reports<\/a> that the Trump family and their partners raked in nearly $100 million in trading fees. What\u2019s more, most of that money hasn\u2019t even been cashed out yet. The timing of the coin\u2019s launch\u2014just three days before Trump took office\u2014raises eyebrows, especially given his influence over cryptocurrency regulations.<\/p>\n

Critics argue that this presents a clear conflict of interest, while supporters see it as just another Trump-branded business venture.<\/p>\n

<\/p>\n

The Trump campaign hasn\u2019t commented on the allegations of insider trading, but political and financial analysts alike are scrutinizing the implications. Figures like SkyBridge founder Anthony Scaramucci and crypto investigator Stephen Findeisen (Coffeezilla) have already slammed the project as a textbook \u201cpump-and-dump\u201d scheme.<\/a><\/p>\n

Supporters Left Empty-Handed<\/strong><\/p>\n

Many of Trump\u2019s own followers were among the biggest losers in the $TRUMP token\u2019s downfall. One example is Shawn Whitson, a small business owner from North Carolina. On Inauguration Day, he posted enthusiastically about both Trump\u2019s return to the White House and his investment in the coin. Weeks later, his tune changed. \u201cDone with this $TRUMP crap<\/a>,\u201d he wrote, calling the entire project a joke.<\/p>\n

While the Trump family faces criticism, they appear unfazed. They recently announced the launch of TruthFi, a financial platform aimed at being a \u201cnon-woke\u201d alternative for investors. Whether the MAGA community will rally behind this new venture remains to be seen, but for now, thousands of investors are licking their wounds from the collapse of the Trump meme coin.<\/p>\n

Featured image from Reuters, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The once-flying Trump meme coin has crashed, costing investors billions of dollars. The so-called \u201cOfficial Trump\u201d coin, which once shot up to $75 per token, is currently only worth $16.00. According to grapevines, US President Donald Trump and his friends got away with a fortune, while regular traders suffered a severe blow. Early Birds Made […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12212","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12212"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12212\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}