POLITICSSCMP CHINA
Trump’s crypto windfall showcases his ability to turn loyalty into power
Trump’s meme coin, $TRUMP, has led to losses for nearly a million accounts, according to a New York Times analysis of blockchain transactions. The report highlights the financial impact on investors who purchased the coin.
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Adjacent reporting
- Crypto brought Trump a huge windfall, even as many investors lost big
- Trump makes millions off of Trump meme coins, financial disclosure reveals
- How Trump made more than $1 billion on crypto when most of his coin's investors lost money
- How Trump made more than $1 billion on crypto when most of his coin's investors lost money
- Thousands of meme coins are created every day on the Solana blockchain.
- Investors lost billions on Trump’s memecoin. Another gala won’t fix that.