Donald Trump will host a gala for top holders of his $Trump cryptocurrency at his golf club, despite 43% of attendees having incurred losses. Many have lost a combined $8.95 million since its January launch. The gala winners were determined based on their holdings of the token, which spiked significantly after the announcement. However, analysis suggests that most small holders have lost money, underscoring the risks associated with crypto investments. Trump’s token trades 68% below its all-time high, signaling declining investor confidence.
About 40% of the gala attendees own the $Trump token, with many reporting substantial losses since its launch in January, highlighting the volatile nature of cryptocurrency investments.
Despite the initial excitement surrounding the $Trump token, a significant number of its top holders, specifically 43%, have suffered major financial drawbacks, losing millions collectively.
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