Trump's Memecoin Loses $3.8 Billion in Value
President Donald Trump's memecoin, launched in 2025, has lost nearly 98% of its value, with 988,905 investors collectively losing $3.8 billion. The decline is attributed to the cryptocurrency's volatility and lack of regulatory oversight.
Key points
- President Donald Trump's memecoin, $TRUMP, has lost nearly 98% of its value since its peak at $75.35.
- Approximately 988,905 investors have collectively lost $3.8 billion on the memecoin.
- The Securities and Exchange Commission has dropped lawsuits against crypto companies under the Trump administration.
- The White House spokesperson claims the US has become the 'crypto capital of the world'.
President Donald Trump's memecoin, launched in 2025, has seen a significant decline in value. The cryptocurrency, $TRUMP, peaked at $75.35 but has since dropped to $1.69, a loss of nearly 98%. This decline has resulted in 988,905 investors collectively losing $3.8 billion.
The lack of regulatory oversight has been cited as a contributing factor to the memecoin's volatility. Under the Trump administration, the Securities and Exchange Commission has dropped lawsuits against crypto companies, including memecoins. This move has been seen as a boon for the crypto industry, with the White House spokesperson claiming that the US has become the 'crypto capital of the world'.
However, the decline of $TRUMP has raised concerns about the risks associated with investing in memecoins. Analysts have warned that the lack of regulation and oversight can lead to significant losses for investors. As the crypto industry continues to evolve, it remains to be seen how regulatory bodies will address the issue of memecoins.
Sources
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