Posted By: SnowKing69
Thousands of investors in Trump’s memecoin lost $2 billion in just weeks while the family and its partners racked up $100 million in trading fees
Just more evidence that filthy maga traitor cunts are truly the dumbest of the dumb.
More than 813,000 crypto wallets have lost a total of $2 billion after buying President Donald Trump’s memecoin, according to an assessment by Chainanalysis commissioned by the New York Times. Meanwhile, the Trump Organization and its partners gained $100 million in trading fees. Since its Jan. 17 launch, $TRUMP has lost most of its value, which is now about $16 per share, down from its $75 peak.
Less than three weeks after its release, President Donald Trump’s memecoin has produced more losers than winners. For every dollar in trading fees the Trump crypto creators raked in, investors lost $20.
If you're "investing" in Crypto? and your buying meme coins? You are Begging to loose money.
Cryptos fine for storing wealth, paying for stuff, or transferring between two individuals? Sure... but as an investment? Fuck NOOOOO.
As for how this coin did? It's still alive this far after a launch and its not a rug pull, then it's a huge success. As for the people who lost money that's how crypt investing works for every dollar any investor makes, some other investor lost that dollar.
The Dev's fees? ALSO HOW CRYPTO WORKS!!! This is typical lefty media bullshit aka Orangman bad.
Tell me something Turdy? Have you ever bought A N Y Crypto... Like EVER?