800,000 Meme Coin Buyers Lost $2 Billion

Wednesday, February 19, 2025

Trump and His Family Earned Millions From Trump Coin While 810,000 Others Lost Money: Report "That coin is a joke," one Trump supporter who said he lost money on the president's memecoin wrote on social media

Posted by truthhurts at 01:43 PM | 8 COMMENTS | permalink | Comment on This Entry |

Alternate links: Google News | Twitter

The early rise in value of Donald Trump's memecoin, $TRUMP, helped some investors to earn significant profit while its crash caused more than 810,000 crypto wallets to lose $2 billion combined, according to an analysis reviewed by The New York Times. Meanwhile, Trump and his family have brought in approximately $100 million in trading fees alone.

Fast-moving professional crypto traders, some the paper said were based in China, bought $TRUMP at its opening sale price of 18 cents and sold quickly as its value rose to rake in significant profits.a

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

I don't blame him.

I blame them for being so stupid as to fall for the same scams over and over and over and over.

Here's a big truckload of "Thoughts and prayers" to help you recover.

Oh but wait...it will get much much worse without the CFPB.

#1 | Posted by Nixon at 2025-02-19 03:27 PM | Reply

"..it will get much much worse without the CFPB."

This scam isn't much of an endorsement FOR the CFPB considering it didn't help much.

#2 | Posted by eberly at 2025-02-19 03:30 PM | Reply

Trump scammed people?

Unbelievable!

Wait.

Which scam are we talking about?

Was it with his fake university? Or was it the steak company? Or the cancer charity for children? Was it the Golden sneakers or money for his airplane?

It was the crypto scam.

Well, you know what they say about a fool and their money ...

#3 | Posted by ClownShack at 2025-02-19 03:33 PM | Reply

" considering it didn't help much."

Interesting, you consider returning billions and billions to screwed-over customers as "not helping much".

#4 | Posted by Danforth at 2025-02-19 03:39 PM | Reply | Newsworthy 1

I was specifically referring to the Trump scam.

I'm a supporter of the CFPB

#5 | Posted by eberly at 2025-02-19 03:44 PM | Reply

This scam isn't much of an endorsement FOR the CFPB considering it didn't help much.
#2 | Posted by eberly

I haven't seen them involved in any meme coin rugging. Like that HauckTowey woman's mem coin got rugged, never saw any governmental response.

#6 | Posted by oneironaut at 2025-02-19 04:27 PM | Reply

I'm a supporter of the CFPB
#5 | Posted by eberly a

Same.

#7 | Posted by oneironaut at 2025-02-19 04:28 PM | Reply

---- both of you lying piles of ----.

#8 | Posted by LegallyYourDead at 2025-02-19 09:48 PM | Reply