Crypto
$4.7B in Estimated Investor Losses Tied to Trump-Linked Crypto Ventures
A U.S. consumer advocacy group has released a report detailing estimated losses of at least $4.7 billion for investors in crypto ventures linked to Donald Trump and his family.
The report, published by Public Citizen on August 27, tallies losses across five products: the Trump Digital Trading Cards NFTs, the $TRUMP meme coin, the World Liberty Financial $WLFI token, the USD1 stablecoin, and Trump Media's digital-asset treasury.
The largest share of losses comes from the $TRUMP meme coin, with buyers down about $3.2 billion. The top 1% of winning wallets captured around $2.7 billion, or 80% of all gains.