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Nearly a Million Investors Lost $3.8 Billion on Trump's Memecoin
The New York Times·Sunday, 5 July 2026
A cryptocurrency analytics firm report found that close to one million investors collectively lost $3.8 billion on the Trump memecoin. Most retail investors lost money, while more sophisticated traders fared better. The report offers the most detailed picture yet of who won and who lost on the politically branded crypto token.
Why It Matters
Crypto is widely traded in India, and memecoins tied to global political figures attract Indian retail investors too. This report is a stark reminder of how speculative crypto bets can devastate ordinary investors.
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