Trump-Linked Cryptocurrency Project Draws Scams Allegations

A cryptocurrency project associated with former US President Donald Trump has been scrutinized by an investment analyst for its potentially illicit activities. Steve Ratner, a journalist and investment expert, claims that the project's creators exploited their investors, resulting in over $4 billion in losses.

Ratner presented his findings on the popular news show 'Morning Joe,' using charts to illustrate the dramatic decline in value of the cryptocurrency, known as the '$Trump coin.'

The project, which was initially launched at a price of $7 and reached a peak of $45, is now almost worthless. According to Ratner's analysis, 45 'whale wallets' – large buyers who purchased significant amounts of the cryptocurrency early on – profited from the venture, potentially including Trump himself.

Ratner estimates that these whales made around $1.2 billion in profits, while Trump reportedly earned approximately $600 million in trading fees. In contrast, 2 million innocent Americans lost $4.3 billion by investing in the cryptocurrency, which they believed would appreciate in value due to its association with Trump.