Balgarianovinite.com
The $TRUMP meme coin that’s added another $635 million to the bank account of President Donald Trump has plummeted 98% in value, CNN reported Thursday.
On top of that, Inside Politics host Dana Bash noted over 740,000 people who invested in the coin have since lost money.
“So this is the $TRUMP meme coin, just to be specific, and crypto analytics firm estimates that 58 investors into the $TRUMP coin made profits above 10 million,” Bash said while joined by several journalists, including Kristen Holmes and Zolan Kanno-Youngs. “At the same time, 764,000 wallets lost money, per The New York Times.”
“It went down 98%, [which] is what we looked at yesterday, and of course, at the same time, you have President Trump saying that he did so well because the markets were up. But one of the things that he made this vast fortune on in the market has obviously completely tanked in that case,” Holmes said.
“Earlier this year, in January, we asked the president, ‘Look, you at least said in the first term that you were going to restrain from having your family conduct business abroad. That’s not the case this time around. Why?” Kanno-Youngs added. “And he essentially said, ‘I didn’t get credit the first time around. Nobody cared. And I’m allowed to.’ To your point, he is aware of the lack of pushback when it comes to these actions.”
“So he keeps pushing, and that’s, by the way, emblematic of — so you made the point earlier, there’s no civil and criminal law,” Kanno-Youngs said to Bash. “The president is exempt from the civil and criminal laws when it comes to conflict of interest. But there’s still norms.”
Bash answered, “And there’s something else … just going back to the $TRUMP coin. Yes, you said it has lost 98% of the value, but every single time there is a profit, the $TRUMP coin gets a profit from it, even if the value is going down.”
She then referenced two Trump supporters who have invested in the coin and spoke to Reuters.
“If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.
“This is a woman who spoke to Reuters,” Bash said. “She put $2,000 of her savings into the $TRUMP meme at the end of May. Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme. The second investor, Matt, a 45-year-old machinist in Indiana, put $40,000 into $TRUMP family tokens … Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”
The post $TRUMP Meme Coin Value Plummeted 98% as Over 740K Investors Lose Money: Report first appeared on Mediaite.
$TRUMP Meme Coin Value Plummeted 98% as Over 740K Investors Lose Money: Report 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-07-02 17:54:34 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law