Nearly 1 million investors lost $3.8 billion on Trump memecoin, analysis finds
By
Anthony Ha
Summary
Nearly 1 million investors lost a total of $3.8 billion after buying President Donald Trump's $TRUMP memecoin, according to blockchain analytics firm Nansen. The analysis shows that roughly two out of three buyers (988,905 accounts) ended up losing money on the cryptocurrency as of the end of June. Meanwhile, Trump himself made $636 million from the venture. The token was trading at $1.69 on Sunday, down nearly 98% from its all-time high.
Source
TechCrunchNearly 1 million investors lost $3.8 billion on Trump memecoin, analysis findstechcrunch.comKey quotes
· 4 pulledNearly 1 million people have lost a total of $3.8 billion after buying President Donald Trump's $TRUMP memecoin, according to cryptocurrency analytics firm Nansen.
Nansen's analysis is based on transactions that are publicly visible on the blockchain, showing that 988,905 accounts had lost money on the memecoin as of the end of June.
That represents around two out of three $TRUMP buyers.
On Sunday, $TRUMP was trading at $1.69, down nearly 98% from its high.
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