Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Investors lose it after Trump's memecoin worth plummets: 'It's a scam' [View all]
Gee! Ya THINK??? "Lose it" is right. 
SUCKEEEEERS!
Investors lose it after Trump's memecoin worth plummets: 'It's a scam' - Rawstory
Donald Trump’s dabbling in crypto financial instruments is leaving a bad taste in the mouths of investors who bet on (Trump's) enthusiasm, only to have their pockets emptied.
According to a report from Politico, the $TRUMP memecoin has crashed 95 percent from its January 2025 peak, leaving retail investors devastated, while Trump, his family and other insiders have cashed in to the tune of approximately $320 million.
"Nobody likes it.... People are losing on the coin, and they are vocal. They are the people on Twitter like, 'F--- this coin' or 'It's a scam.' And they're right, basically."
Trump's other business ventures are also collapsing. Shares in Trump Media & Technology Group, the Truth Social parent company, have crumbled 75 percent since Trump's inauguration, Politico is reporting before adding that former GOP Rep. Devin Nunes (CA) being replaced as CEO this week. Meanwhile, Justin Sun, a once-major backer of World Liberty Financial — a crypto company with ties to the Trump family — sued the company Tuesday.
According to a report from Politico, the $TRUMP memecoin has crashed 95 percent from its January 2025 peak, leaving retail investors devastated, while Trump, his family and other insiders have cashed in to the tune of approximately $320 million.
"Nobody likes it.... People are losing on the coin, and they are vocal. They are the people on Twitter like, 'F--- this coin' or 'It's a scam.' And they're right, basically."
Trump's other business ventures are also collapsing. Shares in Trump Media & Technology Group, the Truth Social parent company, have crumbled 75 percent since Trump's inauguration, Politico is reporting before adding that former GOP Rep. Devin Nunes (CA) being replaced as CEO this week. Meanwhile, Justin Sun, a once-major backer of World Liberty Financial — a crypto company with ties to the Trump family — sued the company Tuesday.
12 replies
= new reply since forum marked as read
= new reply since forum marked as read