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NYT estimated investors' losses from investing in the meme coin TRUMP
Within 19 days since the launch of Official Trump (TRUMP), the accumulated losses from investments in the U.S. President's meme coin have reached $2 billion. Such estimates were reported by NYT.
According to Chainalysis, Nansen, and Molly White, with whom the publication familiarized itself, 813,294 users faced losses.
Asset-related companies earned $100 million in commissions.
CIC Digital and Fight Fight, which control about 80% of the supply, have converted a small portion of the funds into fiat. Specific figures are not provided.
At its peak, TRUMP was valued at $75, and by now its value has dropped by about 79% to $15.78. The market capitalization is $3.16 billion, ranking 45th in terms of market value among cryptocurrencies.