Trump Supporters Lost a Staggering Amount of Money as They Bought His Meme Coin
Crypto offers an extremely lucrative way of making money. It's also an easy way to get duped. Case in point: the supporters of President Donald Trump, who bought his meme coin, $Trump, amid a wave of enthusiasm preceding his inauguration. As The New York Times reports, while a few cashed out in time to steal away with huge profits, the vast majority — over 810,000 wallets — were left holding the bag: collectively, the unlucky suckers lost more than $2 billion after the price of the coin crashed. A classic pump-and-dump. That said, just under 700,000 managed to cash out […]
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