NYT Says 1 Million Trump Memecoin Investors Lost $3.81 Billion
Uk Jin
Summary
- The New York Times said about 1 million people who invested in a Donald Trump-linked memecoin have posted cumulative losses of $3.81 billion.
- The New York Times, citing Nansen data, reported that about 1 million memecoin investors tied to Trump had recorded total losses of $3.81 billion as of the end of June.
- Nansen said repeated promotion of the related token on Truth Social, the social media platform operated by U.S. President Donald Trump, helped drive higher trading volume.
Forecast Trend Report by Period
About 1 million investors in a memecoin tied to U.S. President Donald Trump have incurred combined losses of $3.81 billion, the New York Times reported.
The newspaper, citing data from crypto analytics firm Nansen, said the losses were recorded as of the end of June.
Nansen also said repeated promotion of the token on Truth Social, Trump's social media platform, helped drive trading volume higher.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.