Trump Family Millions from Coin Crash That Cost Investors $2 Billion
The launch of the $TRUMP memecoin resulted in significant profits for early investors, some allegedly based in China, who capitalized on its rapid price increase. Simultaneously, over 810,000 wallets incurred approximately $2 billion in losses following the coin’s subsequent crash. The Trump family and associates profited from substantial trading fees, totaling nearly $100 million, despite Trump’s claims of limited knowledge about the coin. This situation has prompted investigations into potential violations of ethics regulations and the Emolument Clause.
John Q. Hosedrinker