Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses

Published On Feb 9, 2025, 5:00 AM

President Trump and his family launched a cryptocurrency called $Trump just before his inauguration, leading to a massive price spike where one early investor reportedly made over $100 million. However, most investors lost money as the token's price fell sharply from a peak of $75 to around $17. The Trump family benefited significantly from trading fees, while many of the 810,000 affected wallets suffered a total loss exceeding $2 billion.