{"id":2888,"date":"2026-07-05T17:42:44","date_gmt":"2026-07-05T17:42:44","guid":{"rendered":"https:\/\/nationwideinterstatemovers.com\/?p=2888"},"modified":"2026-07-05T17:42:44","modified_gmt":"2026-07-05T17:42:44","slug":"trumps-crypto-fans-rocked-by-jaw-dropping-losses","status":"publish","type":"post","link":"https:\/\/nationwideinterstatemovers.com\/?p=2888","title":{"rendered":"Trump\u2019s Crypto Fans Rocked by Jaw-Dropping Losses"},"content":{"rendered":"<article>\n<p>Nearly 1 million investors in President Donald Trump\u2019s memecoin have lost a massive $3.8 billion on their investments. <\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=2886\">RFK\u2019s Digital Lover in New Rumored Romance<\/a><\/p>\n<p>But Trump, 80, made $636 million from the coin, as he profited whether the currency was being bought or sold, a report from cryptocurrency analytics firm Nansen found. <\/p>\n<div>\n<p>The analysis was sparked by Trump\u2019s massive financial disclosure that showed the president had raked in $2.2 billion in new money from all his businesses in 2025, The New York Times reported. <\/p>\n<\/div>\n<p>Trump\u2019s memecoin is just one of his crypto products. Together with his sons, Donald Jr. and Eric, Trump launched a crypto start-up called World Liberty Financial while campaigning for president in 2024. It sells a currency called $WLFI, which has also declined from its peak. <\/p>\n<p>It\u2019s a far cry from Trump\u2019s previously held anti-crypto position. In 2019 he tweeted:<\/p>\n<p>\u201cI am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity&#8230;\u201d<\/p>\n<p>The president has since changed his tune. <\/p>\n<p>Although late to embrace crypto, Trump has profited immensely from it over the past two years. $TRUMP, which he announced in January 2025, just prior to his second inauguration, rose sharply in value to a peak price of $75.35. <\/p>\n<p>\u201cMy NEW Official Trump Meme is HERE! It\u2019s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW,\u201d he posted on Jan. 17, 2025. <\/p>\n<p>As of Friday, that memecoin had plunged 97 percent in value, trading at $1.76.<\/p>\n<p>The memecoin is promoted with a heavily altered picture of the president, looking much younger and trimmer than he actually is. <\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=2884\">170 Sick as Horror Parasite Outbreak Spreads<\/a><\/p>\n<p>One investor in $TRUMP who lost out told the Times he thought the memecoin was essentially a \u201clegal scam.\u201d<\/p>\n<p>\u201cHe is leveraging the power of being president to launch currencies, when he seems trustworthy in the public\u2019s eye,\u201d Nicholas Pinto said. \u201cIt is kind of incredible. It is almost a legal scam.\u201d<\/p>\n<p>Pinto lost half of the $500,000 he invested in $TRUMP.<\/p>\n<p>Trump\u2019s crypto ventures come as he instructs the federal government to wind back oversight of the market and ease up on regulation, like tax reporting. <\/p>\n<p>That has prompted scrutiny from some in congress. <\/p>\n<p>In a congressional hearing in June, Al Green, the Democratic representative for Texas\u2019s ninth district who sits on the House Financial Services Committee, accused the president of running a memecoin Ponzi scheme.<\/p>\n<p>\u201cWe have legalized a Ponzi scheme known as a memecoin&#8230; and the president of the United States of America is engaged in this activity, he has made millions of dollars with his ponzi scheme, his memecoin,\u201d he said.<\/p>\n<p>\u201cThe tone and tenor of much of what is happening in cryptocurrency deals is set by the person at the top of this country. The president himself is setting the tone and tenor.\u201d<\/p>\n<div>\n<p>The White House and World Liberty Financial did not immediately respond to a request for comment.<\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=2882\">Trump Goon Flips Out at Reflecting Pool Vandalism Questions<\/a><\/p>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Nearly 1 million investors in President Donald Trump\u2019s memecoin have lost a massive $3.8 billion on their investments. Read more RFK\u2019s Digital Lover in New Rumored Romance But Trump, 80, made $636 million from the coin, as he profited whether the currency was being bought or sold, a report from cryptocurrency analytics firm Nansen found. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2887,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump\u2019s Crypto Fans Rocked by Jaw-Dropping Losses - Nationwide Inter State Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationwideinterstatemovers.com\/?p=2888\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s Crypto Fans Rocked by Jaw-Dropping Losses - Nationwide Inter State Movers\" \/>\n<meta property=\"og:description\" content=\"Nearly 1 million investors in President Donald Trump\u2019s memecoin have lost a massive $3.8 billion on their investments. Read more RFK\u2019s Digital Lover in New Rumored Romance But Trump, 80, made $636 million from the coin, as he profited whether the currency was being bought or sold, a report from cryptocurrency analytics firm Nansen found. 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Read more RFK\u2019s Digital Lover in New Rumored Romance But Trump, 80, made $636 million from the coin, as he profited whether the currency was being bought or sold, a report from cryptocurrency analytics firm Nansen found. 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