Thousands of wallets holding President Donald Trump's memecoin have lost money.

The memecoin has been a lightning rod for controversy since it launched. The Trump administration continues to deny any conflict of interest.

A new memecoin claims to be linked to former President Donald Trump, promising a private dinner with the president himself.

The memecoin, known as TRUMP, has been a hot topic since its launch, with a recent report by Benzinga highlighting the memecoin’s journey and the narrative surrounding it.

The Trump administration has repeatedly denied any wrongdoing or conflict of interest.

Announced In April

A team behind the memecoin, TRUMP, announced in April that the top 220 wallets holding the coin would be invited to a private dinner with the president. The team also disclosed a VIP reception for the top 25 holders, including a tour of the White House.

The memecoin’s creators also planned to provide the top 100 wallets with a copy of the president’s new book.

The memecoin’s team members also announced plans to select 25 users randomly to receive an “extremely limited-edition” NFT collection.

The memecoin’s journey began in December 2022, when a group of seven individuals came together to develop a token that would be a tribute to the former president.

The group, comprised of entrepreneurs, investors, and blockchain developers, aimed to create a coin that would embody the president’s values and vision for America.

Over the course of several months, the team dedicated countless hours to coding, designing, and testing the memecoin. They also engaged with members of the cryptocurrency community to gather feedback and build anticipation for the coin’s launch.

Finally, in April 2023, the memecoin was officially launched to the public.

The memecoin quickly gained traction online, with several news articles and social media posts highlighting its unique features and the president’s involvement.

The memecoin’s price also soared in the days following its launch, as traders and investors flocked to buy the coin.

However, the memecoin’s price has since declined sharply from its all-time high.

The memecoin’s creators said they were disappointed to see the coin’s price decline, but they remained optimistic about the coin’s long-term prospects.

The memecoin’s journey has been closely followed by members of the cryptocurrency community.

Some members of the community expressed skepticism about the memecoin, while others were optimistic about the coin’s potential.

Only time will tell what the future holds for the memecoin and its creators.

The House Select Committee investigating the January 6 Capitol attack has begun an investigation into TRUMP, World Liberty Financial, a decentralized finance entity controlled by the Trump family, and other connected cryptocurrency ventures to determine whether they facilitated a violation of government ethics and federal laws.

The committee is examining whether the Trump administration engaged in any illegal activity related to cryptocurrency investment, according to a letter seen by Benzinga.

The committee is also interested in any attempts by the Trump administration to use cryptocurrency to evade government regulations or taxes.

The committee’s investigation began after receiving a tip from a whistleblower, who claimed to have witnessed firsthand several instances of Trump administration officials engaging in unethical and illegal behavior related to cryptocurrency.

The whistleblower, who wishes to remain anonymous, said they were motivated to come forward because they felt it was the right thing to do.

“I saw a lot of things that troubled me,” the whistleblower said. “But I finally decided I had to speak out.”

The whistleblower said they witnessed administration officials use their government positions to enrich themselves and their families through cryptocurrency investments.

The whistleblower also said they witnessed administration officials attempt to use cryptocurrency to launder money and evade government regulations.

The whistleblower said they were particularly troubled by one instance in which they saw a high-level administration official accept a bribe in the form of cryptocurrency.

The whistleblower said the official was approached by a foreign government official, who offered a large sum of cryptocurrency in exchange for the administration official’s assistance in securing a favorable trade deal.

The administration official accepted the bribe and later used his influence to help the foreign government secure the trade deal on favorable terms.

The whistleblower said they reported the incident to several superiors, but no action was taken.

The whistleblower said they were eventually retaliated against for speaking out and was forced to leave their position with the administration.

The committee is now interviewing former administration officials and other relevant individuals as part of its investigation.

The committee is also reviewing internal administration documents and communications.

The committee is expected to issue a report on its findings in the coming months.output: Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Thousands of wallets holding President Donald Trump’s memecoin have lost money, Chainalysis said.

A new memecoin claims to be linked to former President Donald Trump, promising a private dinner with the president himself. The memecoin, known as TRUMP, has been a lightning rod for controversy since its launch.