« on: Saturday, Jul 04, 2026 05:24 pm »
https://www.nytimes.com/2026/07/04/us/politics/trump-coin-crypto-investors-loss.htmlAn up-to-date tally of Trump followers turned crypto investors is in. And for them, the overall results are remarkably bad.
Nearly 1 million people who bought President Trump’s memecoin have lost money through the end of June, according to a report by the cryptocurrency analytics firm Nansen. Their losses total $3.81 billion.
The analytics firm’s assessment was calculated this week after Mr. Trump signed an annual financial disclosure showing that he walked away with a $636 million payout on the same crypto bet, part of a haul of at least $2.2 billion from all of his business ventures in 2025.
The odds were always in his favor. Mr. Trump profited whether the price of his memecoin went up or down. He collected returns whenever anyone traded the tokens, as he repeatedly pushed his followers to do, using his Truth Social account to promote the coin.
Once a crypto skeptic, Mr. Trump embraced the profit-making opportunity of digital currencies in 2024, while he was running for president. He and his sons founded a crypto start-up called World Liberty Financial, which soon began selling a coin called $WLFI that has also declined sharply.
Three days before his inauguration, Mr. Trump unveiled a second Trump-branded investment — the $TRUMP memecoin, a type of novelty currency with little practical value.
“It’s time to celebrate everything we stand for: WINNING!” Mr. Trump wrote on social media. “Join my very special Trump community. GET YOUR $TRUMP NOW!” But that turned out to be bad advice.
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The White House this past week rejected any suggestion that Mr. Trump has cashed in at the expense of his followers. Since arriving at the White House, Mr. Trump and appointees have curtailed regulatory oversight of the industry, including policies related to memecoins.
“President Trump proudly made the United States the crypto capital of the world,” Anna Kelly, a White House spokeswoman, said in a statement to The New York Times after Mr. Trump’s annual report was made public on Tuesday. “All actions by President Trump and his administration are taken in the best interest of the American people.”
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aka "nasty degenerate SOB," "worst of the worst at Free Republic," "Garbage Troll," "Neocon Warmonger," "Filthy Piece of Trash," "damn $#%$#@!," "Silly f'er," "POS," "war pig," "neocon scumbag," "insignificant little ankle nipper," "@ss-clown," "neocuck," "termite," "Uniparty Deep stater," "Never Trump sack of dog feces," "avid Bidenista," "filthy Ukrainian," "war whore," "fricking chump," "psychopathic POS," "depraved SOB," "Never Trump Moron," "Lazarus," "sock puppet," and "Timber Bunny."
"In a time of universal deceit - telling the truth is a revolutionary act." ---George Orwell
Topic: Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin (Read 53 times)
