Trump's Crypto Schemes Leave Investors $4.7 Billion in the Hole

A report by Public Citizen estimates that President Donald Trump's cryptocurrency products have left investors at least $4.7 billion in the hole.

The majority of these losses came from investments into Trump's personal meme coin, which he launched three days before the start of his second term.

The value of this coin peaked at over $73 per token two days after its launch but cratered to around $2. Early investors reaped 80% of all gains while 65% of wallets that put money into it are underwater to the tune of $3.2 billion.