Nearly 1 Million Investors Lost $3.81 Billion in Trump-Themed Tokens by End of June, NYT Reports

TRUMP-3.84%
According to the New York Times, nearly 1 million investors lost a combined $3.81 billion in various Trump-themed tokens as of the end of June. Crypto analytics firm Nansen found that the fee distribution mechanisms of these tokens allowed Trump to profit in both rising and falling markets, with revenue primarily derived from continuous trading fees. Trump's Truth Social platform repeatedly promoted these tokens, amplifying retail participation and trading activity.
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