Investing in $TRUMP Meme Coin
Approximately 764,000 wallets that purchased President Trump's $TRUMP meme coin have lost money, with most holding smaller amounts of the token. Despite this, 58 wallets made over $10 million each, totaling $1.1 billion in gains. The token's market cap peaked at $2.7 billion but has since fallen to $2.17 billion. Regulators are investigating whether the coin and a related venture pose a conflict of interest for the president.
Key Points
- 764,000 wallets lost money on the $TRUMP meme coin investment.
- 58 wallets made over $10 million each, totaling $1.1 billion in gains.
- Regulators are investigating potential conflicts of interest related to the coin and a related venture.
Pros
- Some wallets made significant gains, with 58 wallets earning over $10 million each.
Cons
- Approximately 764,000 wallets have lost money on the investment.