Investors lost billions on Trump’s memecoin. Another gala won’t fix that.
Summary
President Donald Trump launched an official memecoin before his inauguration in January 2025, but its value has dropped sharply since then. While Trump’s family and insiders have made hundreds of millions of dollars from fees and token sales, regular investors have lost billions as the token price fell by over 90 percent.Key Facts
- Trump’s memecoin was launched before he became president in January 2025 and was the first cryptocurrency released by a sitting U.S. president.
- Trump’s family reportedly earned over $280 million from the memecoin.
- Insiders linked to Trump controls about 80% of the tokens and have made more than $600 million by trading and collecting fees.
- Retail investors have lost more than $4.3 billion due to a 93% drop in the token’s value from its peak price of $28.73.
- The Melania Trump memecoin, launched at the same time, lost 99% of its value.
- Token holders compete for exclusive event invitations hosted by Trump, which temporarily raise the token price.
- A recent event announcement caused a short price increase, but the long-term trend remains downward.
- Experts warn the high token concentration among insiders is unusual and risky for ordinary investors.
- If the Democrats regain Congress, they may pass laws to stop Trump and his family from profiting from the memecoin.
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