{"id":21067,"date":"2025-02-11T19:23:42","date_gmt":"2025-02-11T17:23:42","guid":{"rendered":"https:\/\/forklog.com\/en\/nyt-assesses-investor-losses-from-trump-memecoin-investments\/"},"modified":"2025-02-11T19:23:42","modified_gmt":"2025-02-11T17:23:42","slug":"nyt-assesses-investor-losses-from-trump-memecoin-investments","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nyt-assesses-investor-losses-from-trump-memecoin-investments\/","title":{"rendered":"NYT Assesses Investor Losses from TRUMP Memecoin Investments"},"content":{"rendered":"

Nineteen days after the launch<\/a> of Official Trump (TRUMP), investor losses from the US president’s memecoin have reached $2 billion, according to estimates reported by NYT<\/a>.<\/p>\n

Based on data from Chainalysis, Nansen, and Molly White, reviewed by the publication, 813,294 users have experienced losses.<\/p>\n

Companies associated with the asset have earned $100 million in fees.<\/p>\n

CIC Digital<\/span> and Fight Fight<\/span>, controlling about 80% of the supply, have converted a small portion of funds into fiat. Specific figures are not provided.<\/p>\n

At its peak, TRUMP was valued at $75, but its price has since dropped by ~79%<\/a> to $15.78. Its market capitalization stands at $3.16 billion, ranking 45th among crypto assets by market value.<\/p>\n

\"1-1431\"
TRUMP’s performance. Data: CoinGecko.<\/figcaption><\/figure>\n

Journalists noted that some users managed to profit. For instance, on the first day of TRUMP trading, one investor purchased nearly 6 million tokens at $0.18 each. Two days later, they realized a profit of $109 million.<\/p>\n

In February, the non-profit organization Public Citizen urged the US Department of Justice and the Office of Government Ethics to investigate TRUMP for potential violations of federal corruption laws.<\/p>\n

In January, the US president’s cryptocurrency initiatives drew interest<\/a> in Congress.<\/p>\n

The current decline in TRUMP aligns with the overall trend of celebrity memecoins.<\/p>\n

According to Messari, the average drop for such assets from their ATH<\/span> is 78%, analysts calculated. They included MOTHER, DADDY, TRUMP, MELANIA<\/a>, and JAILSTOOL in their analysis.<\/p>\n

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Major celeb coins are down on average 78% from ATHs.<\/p>\n

(h\/t @Degenerate_DeFi<\/a>) pic.twitter.com\/SVX6E2UAto<\/a><\/p>\n

\u2014 Messari (@MessariCrypto) February 10, 2025<\/a><\/p><\/blockquote>\n