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Trump and Melania's Crypto Grifts Plunge 88% and 98%
That's from the peak, not from issued price.
Still doesn't matter, all memecoins are expected to fall in very short time, they are there only for quick enrichment of tokens creators, [celebrity] issuers and insiders or few lucky gamblers and "snipers", and are primed for immediate "rug pulls" like this one:
https://finance.yahoo.com/news/wtf-going-fake-kanye-west-161604532.html - 'WTF Is Going On?' Fake Kanye West Coins Crash After Real YZY Token Launches - 2025-08-21
https://finance.yahoo.com/news/kanye-west-yzy-meme-coin-143308494.html - Kanye West's YZY Meme Coin Bloodbath: One Trader Lost $1M - 2025-08-22
|------- Over 60% of YZY traders lost money, according to on-chain data. One address recorded a loss of more than $1 million, while a small number of insiders made massive profits.
The first major YZY buyer was linked to a known sniper and suspected insider named Naseem, who has been connected to other controversial meme coins like TRUMP and LIBRA. ...
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#2 | Posted by Nixon at 2025-08-22 09:00 AM
If he was smart, he would've taken the $75 per coin he got from the suckers and converted it to cash leaving the suckers to eat the loss alone.
There is no "loss" for Trumps. They have already converted most of it into real "fiat" USD cash.
One, they received the tokens at no charge.
Two, whatever tokens they have left is gravy - they have already cashed out a huge amount of them, to the tune of $350M ($314M from tokens sale and $36M in fees) from $TRUMP "coin" alone as of March 2025.
Three, when someone trades or executes transactions in memecoins (or stablecoins), there is a transaction fee going to the token's chain owners, so it's beneficial to the creators and owners whose memecoins or stablecoins are used.
It pays to "print" your own money!
That's why GENIUS Act specifically prohibits Central Bank / Federal Reserve from issuing CBDC (Central Bank Digital Currency) stablecoin - a "digital US dollar" - there would be hardly a need or incentive for financial companies or banks to issue their own, if they couldn't lock in customer to their own chain network and extract transaction fees ("transaction tax") when one is used.
https://democrats-financialservices.house.gov/news/documentsingle.aspx?DocumentID=413677 - Day 5: Crypto Has Made Trump $1.2 BILLION Richer " and Counting - Washington, DC, July 17, 2025
And it doesn't even count more recent developments of essentially creating / converting his "brand" into so-called "crypto treasury companies" which are leveraged, i.e., paid for with Other People's Money.
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