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Story summary
- Analysts allege that President Donald Trump’s branded cryptocurrency generated $600 million in fees while defrauding millions of supporters.
- The coin’s price fell from $45 to under $3 after an initial sale at $7, according to charts presented by Steve Ratner.
- Ratner identified 45 large-holder wallets that earned about $1.2 billion during the coin’s rise, suggesting insider profiteering.
- Approximately two million American buyers, many from working-class and small-business backgrounds, collectively lost $4.3 billion.
