Thousands of investors in Trump’s memecoin lost $2 billion in just weeks while the family and its partners racked up $100 million in trading fees
Launched Jan. 17 days before Trump’s inauguration, $TRUMP initially skyrocketed in value, peaking on Jan. 19 at nearly $75 per share with a market capitalization of more than $14.75 billion before crashing days later. Today, the meme coin hovers above $16 a share with a market cap of $3.72 billion, about a quarter of its value at its apex.