Trump Coin Made Millionaires Overnight But Left Others BROKE?

President Trump and his family launched a cryptocurrency called $Trump, triggering a boom-and-bust cycle that left many investors with significant losses This video explores the impact of this memecoin on ordinary people. Early traders made massive profits, with one unknown trader potentially earning $109 million in just two days. However, over 810,000 crypto wallets have lost money on the $Trump coin, with total losses exceeding $2 billion. The price of the token crashed from a high of $75 to around $17, leaving many investors holding significantly devalued assets. The Trump family and their partners have profited from nearly $100 million in trading fees, although most of that has not yet been cashed out. We'll also discuss the nature of memecoins and how they are often used in "pump-and-dump schemes," where early investors profit by artificially inflating the price before selling off. This situation raises questions about the ethics of the Trump family profiting from such ventures while also rolling back regulations on the crypto industry. Learn how this story highlights the speculative dangers of memecoins and the risks of investing in unregulated digital assets. Sources: https://www.theguardian.com/us-news/2025/feb/07/trump-meme-coin-crypto-copycats https://www.aol.com/finance/ethereum-shoots-25-eric-trump-001547302.html https://www.nytimes.com/2025/02/09/us/politics/trump-crypto-memecoin.html?smid=nytcore-ios-share&referringSource=articleShare