$TRUMP Investors Left Reeling After 97% Market Collapse

Veteran investor Ross Gerber has spoken out against President Donald Trump's involvement in the cryptocurrency market, specifically calling it a 'ruthless rug pull' that left over 1 million people financially hurt.

The report highlights that $TRUMP, a memecoin launched in January 2025, reached a market capitalization of nearly $15 billion before plummeting by 97% to $408 million. This collapse occurred while Trump reportedly made a significant profit from the same venture.

Critics have taken issue with this development, questioning the ethics and implications of Trump's involvement in cryptocurrency. Despite backlash, the president has maintained that his actions were not 'illegal' or 'wrong,' emphasizing the potential benefits of cryptocurrency and the need for the US to lead in this space.