Trump-Themed Tokens: $3.81 Billion Lost by Nearly One Million Investors

Nearly one million investors have lost approximately $3.81 billion in Trump-themed meme coins by the end of June, according to an analysis by Nansen, a crypto analytics firm.

The trading mechanisms of these tokens allowed former President Donald Trump to profit from both price fluctuations and ongoing market activities, primarily through transaction fees.

Data shows that during his 2024 campaign, Trump shifted from being a 'crypto skeptic' to embracing the commercialization of digital assets. He co-founded the crypto project World Liberty Financial with his children, which issued the $WLFI token that experienced significant declines.

The TRUMP token, launched just days before his inauguration, has been described as a 'speculative asset lacking practical use' and underwent a noticeable correction.