Trump’s Meme Coin Plunges Amidst Volatility, Causing Investor Losses

Donald Trump’s cryptocurrency venture, $TRUMP, a meme coin launched in January 2025, experienced a dramatic rise followed by sharp declines, leading to widespread losses for investors. Initial funding of $350 million and promotion through official channels contributed to its initial success before the volatile price triggered significant financial setbacks for many. A key factor in this decline is the concentration of profits among a select group of holders while others suffered substantial losses. 2023’s crypto market saw similar phenomena with the rise and fall of meme coins.