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Cryptocurrency News Articles
🚨 BREAKING: Trump's $TRUMP Coin Scandal — Billions Lost, Insider Trading Alleged
May 18, 2025 at 08:17 pm
A massive crypto scandal is unfolding — and Donald Trump is at the center of it. By Corey Frayer.
A new cryptocurrency, XRP TRUMP, has been launched with the MAGA hype, and the token has seen explosive gains and an even more dramatic collapse. The coin, which launched at $0.18 and surged to $75, is now trading around $16.
With over 810,000 wallets still underwater and an estimated $2B in investor losses, the scale of the scandal is staggering.
The rapid price increase and subsequent crash have left many investors in the red, and the timing of a suspicious wallet's activity is raising eyebrows.
The wallet, which bought $1.1M worth of XRP TRUMP just two minutes after Trump's announcement on his social media platform, Truth Social, sold the tokens within 48 hours for $109M in profit.
The involvement of Trump and his allies is evident, with reports indicating that they earned over $100M in trading fees.
The launch of the XRP TRUMP token was announced by Trump on March 19, with the post: "Join the Trump Community. GET YOUR $T$XRP TRUMP W."
The post generated massive interest, with millions of Trump's supporters eager to participate in the venture.
However, the token's price collapsed shortly after launch, leaving many investors with significant losses.
The involvement of Trump or someone within his inner circle is being hinted at by a new report by Chainalysis, which labeled the early trades as "highly suspicious."
The wallet that made the nine-figure gain was created just minutes before Trump's announcement, which is a classic sign of insider behavior.
There is also speculation that Trump or someone close to him had early access to the launch and liquidity information for the token, while also influencing the
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