- Investors lost billions buying Trump stocks and crypto, leading to personal financial ruin for some.
- Shares of Trump Media are down 89% from their peak, while World Liberty tokens have fallen 82%, and the president's memecoin is off 98%.
- Supporters are down an estimated $7 billion overall, while the Trumps, after cashing out $1.9 billion, are still up $3.1 billion.
- One investor stated, 'I’m now broke,' expressing frustration over the investments.
- Investors like Kenney have seen their investments plummet, with one increasing his stake to $98,000, now worth only $9,000.
- Pinto allocated about 60% of his portfolio to the memecoin, ultimately locking in losses of roughly $250,000.
Investors who backed Trump stocks and cryptocurrencies are now reporting devastating financial losses, with some claiming to be 'broke.' Trump Media shares have plummeted 89%, while World Liberty tokens are down 82%. The president's memecoin has lost 98% of its value, and Melania's version has dropped 99%.
One investor, who put his life savings into Trump stocks, lamented, “This is the greatest theft, con job he has ever done.” Another investor, Pinto, invested $480,000 in the memecoin, only to lock in losses of $250,000 after selling 75% of his position. Kenney's investment of $98,000 is now worth just $9,000.467
Despite these losses, the Trumps have profited significantly, cashing out $1.9 billion and remaining up $3.1 billion overall, according to *Forbes*. Meanwhile, their supporters have collectively lost an estimated $7 billion. The fallout has led some investors to accuse projects like World Liberty of fraud, with one stating it is “on the verge of collapse.” The disillusionment among supporters is palpable, as many feel betrayed by the narrative that they were investing in a partnership with Trump rather than a mere financial gamble.
As the dust settles, the stark contrast between the Trumps' financial gains and their supporters' losses raises questions about the integrity of these investments and the promises made to investors.
“Trump’s memecoin has fallen 98% from its peak and Melania’s version dropped 99%, while World Liberty tokens are down 82%. Supporters lost an estimated $7 billion, but the Trumps gained $3.1 billion overall, per Forbes.”
Forbes
