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Crypto

Trump-Linked Meme Coin Crashes 97% Amid SEC Probe Demands

Guavy AI Editorial Team
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TRUMP TRU
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A cryptocurrency tied to former US President Donald Trump has suffered a catastrophic decline in value, plummeting by -97% in recent times. This collapse comes as the SEC demands an investigation into the token's alleged mismanagement, citing losses exceeding $3.8 billion for retail investors.

The TRUMP Crypto Meme Coin, which was launched to capitalize on Trump's popularity, has been at the center of a heated debate about regulatory oversight and investor protection in the cryptocurrency space.

As the token's value tumbles, concerns are growing about the risks associated with investing in meme coins, which are often seen as speculative and prone to wild price swings.

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