"Trump's memecoin, launched before his inauguration, has reportedly generated over $280 million for his family, while retail investors have lost more than $4.3 billion due to its plummeting value."
"The memecoin's initial price of $28.73 has dropped by about 93 percent, with the Melania Trump memecoin experiencing a staggering 99 percent loss from its peak price."
"Investors are motivated not just by potential gains but by the opportunity to attend exclusive Trump-hosted events, creating competition among top token holders."
"The price of the Trump memecoin spiked twice since trading began, notably after announcements of exclusive events, but has consistently dropped following these events."
If Democrats regain Congress, they may pass laws preventing Trump and his family from profiting from his memecoin, which has caused ethical concerns. Trump launched his memecoin in January 2025, earning over $280 million while retail investors lost more than $4.3 billion. The token's value has plummeted by 93 percent from its peak. Exclusive events for top token holders drive demand, but the price remains volatile, with significant drops following events. The Melania Trump memecoin has seen even greater losses, with a 99 percent decline from its peak.
Read at Ars Technica
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