Nearly 1 million investors in Trump's memecoin lost a collective $3.8 billion as he cashed in - Fortune
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- Trump's memecoin left nearly one million investors with collective losses of $3.8 billion, per Fortune and the New York Times, while he profited from the venture.
- Trump disclosed over $1.4 billion in income from his crypto ventures, per Reuters — a figure broader than the memecoin alone.
Why it matters: Nearly one million retail investors absorbed $3.8 billion in losses on Trump's memecoin while he personally reported $1.4 billion-plus in crypto income, a direct reversal between the buyers of the asset and its most prominent beneficiary.
