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Trump Meme Coin $TRUMP Loses Value for 67,000 Investors; 764,000 Wallets Lose Money Amid Foreign Holdings

10 posts • GPT (4.1 mini)

Updated May 9, 2025, 08:51 PM

Analysis reveals that approximately 67,000 new or small-time investors purchased the Trump-branded meme cryptocurrency, $TRUMP, with around 80% buying near its peak value, resulting in substantial losses as the coin's value plummeted. Data shows that 58 crypto wallets have profited from the coin, while an estimated 764,000 wallets have incurred losses. The majority of $TRUMP holders are located abroad, with over half using foreign exchanges that restrict U.S. users. Reports indicate that the coin has attracted significant foreign investment, raising concerns about its use as a conduit for foreign corruption. Critics have described the Trump crypto project as a scam benefiting insiders at the expense of inexperienced investors. The Trump administration has been accused of favoring cryptocurrency interests over traditional assets like gold, with allegations of pardoning individuals involved in criminal crypto activities.

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🇪🇺 🇲🇨🇨🇭Dan Popescu 🇫🇷🇮🇹🇷🇴

@PopescuCo

Crypto Trump is corrupt to the bone. I said and I repeat, there is no scam Trump doesn't like and does. 👇 https://t.co/SSuX8VC18x

🇪🇺 🇲🇨🇨🇭Dan Popescu 🇫🇷🇮🇹🇷🇴

@PopescuCo

#Gold aficionados have lost the battle in the Trump White House to crypto scammers. Trump, corrupt to the bone, chose crypto scams and he is already making money with them, pardoned many of the criminal cryptos. https://t.co/mdkK9CX6Wf

Omid Malekan 🧙🏽‍♂️

@malekanoms

I wrote a piece for The Spectator last month on how Trump's embrace of crypto (memecoins, reserves, + good regulations) was bound to lead to projects redirecting resources from BIDLing to lobbying, and how this would be bad. Consider this Exhibit A: https://t.co/b1SiHYiaOG