Watchdog Finds Trump Crypto Schemes Have Left Investors on the Hook for Over $4 Billion in Losses

Trump’s personal meme coin alone has left its investors $3.2 billion underwater, Public Citizen found.

A report released Thursday by government watchdog Public Citizen estimates that President Donald Trump’s assorted cryptocurrency products have left investors on the hook for billions of dollars in losses.

In total, Public Citizen found that Trump’s crypto schemes have left investors at least $4.7 billion in the hole, with the majority of those losses coming from investments into the president’s personal meme coin, which he launched just three days before the start of his second term.

The value of Trump’s meme coin peaked at over $73 per token two days after its launch. Since then, its value has completely cratered and it is currently trading in the $2 range.

Early investors in the coin scooped up tokens that they quickly unloaded to other buyers, who were left holding the bag after the value of the digital assets collapsed.

In all, Public Citizen explained, 1% of wallets that invested in the coin reaped 80% of all gains, while 65% of wallets that put money into it are underwater to the tune of $3.2 billion.

Even as many investors in the Trump coin saw the value of their investments deteriorate, the president profited handsomely, hauling in $635 million in licensing fees from the coin last year alone.