The $Trump Meme Coin Grift
Trump launched his $Trump meme coin 3 days before his inauguration in January 2025. It skyrocketed immediately before plummeting. And has continued to fall along with Trump’s approval ratings. However, Trump and his cronies made nearly $2 billion, while retail investors lost over $4 billion.
Timeline:
- Coin launched at $7
- Peaked at $45
- Currently trading at less than $2
Winners and Losers?
- Trump made $600 million in trading fees
- 45 whale wallet investors (Trump could be one of them) made $1.2 billion
- 2 million retail investors lost $4.3 billion
Sources: Steve Kornacki, Jen Psaki
