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

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

The majority of these losses come from investments in the president's personal meme coin, which peaked at over $73 per token two days after its launch but is now trading in the $2 range.

Early investors who bought the tokens quickly sold them to other buyers, who were left holding the bag when the value of the digital assets collapsed. 1% of wallets that invested in the coin reaped 80% of all gains, while 65% of wallets are underwater to the tune of $3.2 billion.

The report also highlights the damage done by governance tokens issued by World Liberty Financial, a cryptocurrency venture co-founded by Donald Trump Jr. and Eric Trump in 2024.