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The New York Times: Nearly 1 million investors have cumulatively lost $3.81 billion in losses in Trump-themed tokens
Golden Finance reported that on July 4, according to the New York Times, the latest analysis report shows that as of the end of June, nearly 1 million investors had accumulated losses of approximately $3.81 billion in Trump-related meme coin investments. Crypto analytics firm Nansen stated that the token trading mechanism allows Trump to profit from both price increases and decreases, as his revenue mainly comes from transaction fees and ongoing market trading activity, while Truth Social repeatedly promoted the token, further amplifying trading volume.
Data shows that during his 2024 campaign, Trump shifted from being a "crypto skeptic" to embracing the commercial opportunities of digital assets, and co-founded the crypto project World Liberty Financial with his children. The $WLFI token issued also experienced significant declines. In addition, the TRUMP token launched a few days before his inauguration was described as a "speculative asset lacking practical utility" and has already undergone an obvious correction.