TRUMP Token Wipes Out Over 98% of Value, Leaving Investors with Crushing Losses

A memecoin tied to former US President Donald Trump has taken a drastic turn for the worse, erasing nearly all of its early gains and leaving investors with massive losses. TRUMP Token, which peaked at $75 shortly after launch, now trades around $1.65, according to blockchain analytics firm Nansen.

Collectively, nearly 989,000 wallets have lost approximately $3.81 billion on the memecoin venture. This figure is a staggering blow for investors who saw the token's value skyrocket in its early days.

In President Trump's financial disclosure, it was revealed that he received around $636 million from the TRUMP Token venture. The loss of this sum will undoubtedly have significant implications for those involved.