Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses

A $1,096,109 bet on the $Trump cryptocurrency was placed less than two minutes after President Trump’s social media post, resulting in a two-day profit of up to $109 million for an unknown trader. However, over 810,000 wallets suffered more than $2 billion in losses as the token price crashed, with the Trump family profiting nearly $100 million in trading fees. This speculative boom-and-bust sequence has raised concerns about the dangers of memecoins and the ethical implications of the Trump family’s involvement in the unregulated crypto industry.

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