This contrasts sharply with the Trump family, which has reportedly made substantial profits from meme coins.
More than 80 percent of investors in so-called ‘meme coins’ linked to U.S. President Donald Trump have reportedly experienced losses. Ahead of Trump's inauguration, positive expectations about virtual currencies and hopes for industry revitalization drove demand for investment in meme coins. However, the coins' nature made it impossible to avoid losses.
On the 8th (local time), The Washington Post reported, “About 67,000 cryptocurrency investors invested in Trump’s meme coin business, but the results so far are devastating,” adding, “Most of them bought meme coins to express loyalty to Trump or to get an early participation opportunity in a new financial venture of the Trump family.”
$TRUMP is the only official Trump meme coin, with 80 percent of its supply held by CIC Digital LLC and its subsidiaries, affiliated with the Trump Group. After being launched at about $6 (approximately 8,000 won) on Jan. 17, just before Trump took office, $TRUMP surged to as high as $75 (approximately 105,000 won), and currently remains in the $11-$12 range.
According to data analyzed by The Washington Post, around 67,000 investors purchased the Trump meme coin, $TRUMP, through the cryptocurrency payment platform MoonPay. The total investment amount of the so-called ‘retail investors’ in meme coins reached $15 million (approximately 2.12 billion won), of which 80 percent have been confirmed as having incurred massive losses.
In particular, investors who bought coins using debit cards invested an average of $100 (approximately 140,000 won) and are estimated to have incurred losses of around $62 (approximately 90,000 won). Most bought coins when the price hit its peak shortly after the launch of the meme coin. One investor who invested $10,000 (approximately 14 million won) reported to The Washington Post that they have lost more than 80 percent of their investment, approximately $8,000 (approximately 11.2 million won), to date.
This contrasts sharply with the Trump family, which has reportedly made substantial profits from meme coins. According to The Washington Post, citing data from a cryptocurrency data platform, Trump’s family has garnered about $43 million (approximately 6.06 billion won) in transaction fees since the launch of the meme coin and has made about $312 million (approximately 440.2 billion won) in sales revenue from the meme coin.
The Washington Post noted, “Such losses illustrate the
