Trump's meme coin, launched just before his inauguration, saw a dramatic surge followed by a sharp decline, costing investors billions. Despite the losses, the Trumps have reportedly earned over $100 million in trading fees.
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But the price of $Trump has since plummeted to about $17, costing a far larger group cumulative losses of $2 billion. As of the middle of the week, more than 810,000 crypto wallets have lost money on the bet, an examination by crypto forensics firm Chainalysis showed. “The president is participating in shady crypto schemes that harm investors while at the same time appointing financial regulators who will roll back protections for victims and who may insulate him and his family from enforcement,” Corey Frayer, who recently left his job as a crypto adviser to the Securities and Exchange Commission, told theTOPSHOT - US actor Richard Gere receives the International Award during the 39th Goya awards ceremony at the Granada Conference and Exhibition Center in...
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