Nearly a million investors lost $5.5 billion on Trump’s crypto coin

The AgeIndependentLeft8 hr. ago

A report by cryptocurrency analytics firm Nansen reveals that nearly 1 million investors who purchased President Donald Trump's meme coin, $TRUMP, have collectively lost $3.81 billion as of late June 2026. The coin's value plummeted from a peak of $75.35 to just $1.76, a 97% decline. Despite Trump's public promotion of the coin through his social media platform, many investors suffered significant losses. Trump himself reportedly made a $636 million profit from his crypto investments, part of a larger $2.2 billion earnings from business ventures in 2025. Critics argue that Trump's actions represent a potential legal scam, leveraging his presidential influence to promote a speculative asset with little intrinsic value.

Bias read (Left): The article frames Trump's involvement in cryptocurrency as exploitative and unethical, emphasizing the disparity between his personal gains and the substantial losses experienced by ordinary investors. It highlights concerns about the misuse of presidential influence for financial gain, suggesting

The Sydney Morning HeraldIndependentCenter8 hr. ago

A report by cryptocurrency analytics firm Nansen indicates that nearly 1 million investors who purchased former U.S. President Donald Trump's $TRUMP meme coin have collectively lost approximately $5.47 billion as of the end of June 2026. The coin, launched shortly before Trump's presidential inauguration, experienced a dramatic decline in value, dropping 97% from its peak price of $75.35 to $1.76. Trump reportedly benefited financially regardless of the coin's performance, collecting returns through trading activity promoted via his social media platform. The White House denied claims that Trump exploited his position for personal gain, but critics argue that his actions resemble a legal scam.

Bias read (Center): The article presents factual data on investor losses and includes quotes from both critics and the White House, offering balanced perspectives without overtly favoring one side. The framing remains neutral, focusing on reported figures and statements rather than taking a clear ideological stance.