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Trump Meme Coin Creates Winners and Losers as Market Volatility Hits Holders
Trump Meme Coin Creates Winners and Losers as Market Volatility Hits Holders
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Nearly 764,000 wallets holding the Trump-themed meme coin now sit in negative territory as the token’s value declines post-launch. Chainalysis data reveals 2 million unique wallets acquired the asset, but only 58 profited over $10 million each—collectively amassing $1.1 billion in gains. Retail investors with smaller positions bore the brunt of losses.
Speculative interest spiked after organizers announced a May 22 gala at Trump’s National Golf Club, offering top token holders exclusive White House access. The event highlights cryptocurrency’s growing intersection with political spectacle, though the asset’s utility remains questionable.
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