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iemanja

(57,826 posts)
Sat Jul 4, 2026, 04:08 PM 4 hrs ago

Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin

Source: New York Times

Nearly 1 million people who bought President Trump’s memecoin have lost money through the end of June, according to a report by the cryptocurrency analytics firm Nansen. Their losses total $3.81 billion.

The analytics firm’s assessment was calculated this week after Mr. Trump signed an annual financial disclosure showing that he walked away with a $636 million payout on the same crypto bet, part of a haul of at least $2.2 billion from all of his business ventures in 2025.

The odds were always in his favor. Mr. Trump profited whether the price of his memecoin went up or down. He collected returns whenever anyone traded the tokens, as he repeatedly pushed his followers to do, using his Truth Social account to promote the coin. . .

Cumulatively, these 988,905 wallets have lost a total of $3.81 billion, including buyers who have held on to their stash and recorded paper losses, according to Nansen. The coin was trading at $1.76 as of Friday, down 97 percent from its peak price of $75.35.

Read more: https://www.nytimes.com/2026/07/04/us/politics/trump-coin-crypto-investors-loss.html



Forever a grifter.
17 replies = new reply since forum marked as read
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Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin (Original Post) iemanja 4 hrs ago OP
I have absolutely zero sympathy. RockRaven 3 hrs ago #1
They bought that crypto because they are cultists. iemanja 3 hrs ago #3
I'm delighted! Du916 1 hr ago #12
He really needs a hat that says that he is a cheater and traitor on the front.........or a Con man turbinetree 3 hrs ago #2
PT Barnum smiles. paleotn 3 hrs ago #4
Told gf's family I was going to invest her money in Trump Norrrm 3 hrs ago #5
That's horrible underpants 3 hrs ago #6
That reads like a story from "The Onion".... AZ8theist 3 hrs ago #7
Investors? Nope, suckers. twodogsbarking 3 hrs ago #8
"Nearly a million investors" were losers ... none of them named Trump 11 Bravo 2 hrs ago #9
Cue the sad trombone...! Grins 2 hrs ago #10
How many were liberals? BidenRocks 1 hr ago #11
None. iemanja 54 min ago #15
Good. SamuelAdams 1 hr ago #13
Too bad, so sad 😞 oasis 56 min ago #14
Crypto, gypto, klepto!!! oasis 49 min ago #16
Good news! The Felon found much of that lost money. Buddyzbuddy 31 min ago #17

RockRaven

(20,128 posts)
1. I have absolutely zero sympathy.
Sat Jul 4, 2026, 04:21 PM
3 hrs ago

I acknowledge they have experienced a loss. I acknowledge they may experience adverse material consequences of the change to their financial circumstances.

I am just completely unmoved. I've been tired out into indifference.

The course of events was not only predictable, it was predicted. All over the place. For everyone to see and hear.

And these grown-ass adults insisted on touching the hot stove, again, while yelling at the rest of us to fuck off. Okay. Bye.

iemanja

(57,826 posts)
3. They bought that crypto because they are cultists.
Sat Jul 4, 2026, 04:23 PM
3 hrs ago

No serious investor would buy anything from Trump.

Du916

(160 posts)
12. I'm delighted!
Sat Jul 4, 2026, 06:26 PM
1 hr ago

I’m glad to see MAGA dumbfucks getting fleeced by the grifter they elected. I hope they all suffer and have to use SNAP to pay for their pork rinds and Twinkies. Too fucking bad.

turbinetree

(27,876 posts)
2. He really needs a hat that says that he is a cheater and traitor on the front.........or a Con man
Sat Jul 4, 2026, 04:21 PM
3 hrs ago

and they want to put this crap into peoples 401k's............what could possibly go wrong ................oh I don't know having 3.81 billion lost forever............what backs this crap.............word of mouth...........I got a bridge..........cheap..........

Norrrm

(6,212 posts)
5. Told gf's family I was going to invest her money in Trump
Sat Jul 4, 2026, 04:45 PM
3 hrs ago

They are solid Trumpers.
Brother asked if I had power of attorney.
Daughter called just before midnight when she read the email.
... Was worried I would really do it.
... Could not admit Trump was a crook/dishonest.
... Said Trump did not need her money with all his "millions".
Son - no reply - knew I would never do such a stupid thing.
-----------------------------------------
GF's investments are not doing that well. I'm going to have her cash out all of her stocks, money market accounts, and other investments. Her house has a huge amount of equity for a home loan.
Put the money into a sure thing, a golden opportunity, all from a known, successful businessman, Donald J Trump.
It is wise to diversify, so half will go to his stock, DJT, and half to his crypto currency. The stock is down slightly so it is a good opportunity before he brings it back up with his business acumen.
His crypto currency will be partially managed/advised by his three capable sons... Looking forward to great returns from a brilliant businessman with no risk of downside.
It's no wonder people have such great faith in him.

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