Drudge Retort: The Other Side of the News
Friday, July 03, 2026

The $TRUMP meme coin that's added another $635 million to the bank account of President Donald Trump has plummeted 98% in value, CNN reported Thursday. On top of that, Inside Politics host Dana Bash noted over 740,000 people who invested in the coin have since lost money. "So this is the $TRUMP meme coin, just to be specific, and crypto analytics firm estimates that 58 investors into the $TRUMP coin made profits above 10 million," Bash said while joined by several journalists, including Kristen Holmes and Zolan Kanno-Youngs. "At the same time, 764,000 wallets lost money, per The New York Times." "It went down 98%, [which] is what we looked at yesterday, and of course, at the same time, you have President Trump saying that he did so well because the markets were up. But one of the things that he made this vast fortune on in the market has obviously completely tanked in that case," Holmes said.

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If Trump was putting his name behind it, it must be a legitimate investment," one woman told the news organization.

"This is a woman who spoke to Reuters," Bash said. "She put $2,000 of her savings into the $TRUMP meme at the end of May. Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme. The second investor, Matt, a 45-year-old machinist in Indiana, put $40,000 into $TRUMP family tokens ... Matt's shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family."

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"I love the uneducated."
Donald J. Trump

#1 | Posted by Doc_Sarvis at 2026-07-03 07:18 AM | Reply

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