Trump's Crypto Schemes Leave Investors $4.7 Billion Underwater
A report by Public Citizen reveals that investors in crypto schemes launched by the Trump family have lost over $4.7 billion.
The largest loss came from the meme coin 'Official Trump' (TRUMP), which peaked at a trading price above $73 before falling to below $2, resulting in losses of $3.2 billion for investors.
However, President Trump himself did not lose any money in this scheme, having earned over $635 million in licensing fees from the token last year and owning a wallet valued at $271 million.
The report also highlighted significant losses from World Liberty Financial's governance token, which peaked at $0.33 but is now trading below $0.06, resulting in total losses of at least $1 billion, and Trump's 2022 NFT trading cards, which decreased in value by nearly $9 million.