Trump Crypto Ventures Leave Investors $4.7B Underwater, Report Finds

Investors in crypto projects launched by former US President Donald Trump have suffered losses totaling over $4.7 billion, according to a report from watchdog organization Public Citizen.

The report highlights the failure of several assets, including the 'Official Trump' meme coin (TRUMP), which lost investors $3.2 billion after peaking at a trading price above $73 and dropping below $2 in value.

Public Citizen notes that 1% of wallets held 80% of gains from the TRUMP token, while 65% of investors are underwater with losses totaling $3.2 billion.

Trump himself did not lose any money on the project, as he earned licensing fees of $635 million last year, and his wallet is valued at $271 million.