Svmuu News: According to the latest analysis report from crypto analytics firm Nansen, as of the end of June, nearly 1 million investors had incurred cumulative losses of approximately $3.81 billion from investments in meme coins related to Donald Trump.Nansen’s analysis indicates that the trading mechanism for these tokens allows Donald Trump to profit regardless of price fluctuations, as its revenue primarily comes from transaction fees and ongoing market activity. Furthermore, the social media platform Truth Social has amplified trading volume by repeatedly promoting these tokens.
Data shows that during the 2024 campaign, Donald Trump—once a “crypto skeptic”—shifted toward embracing commercial opportunities in digital assets and co-founded the crypto project World Liberty Financial with his children; the $WLFI token issued by the project has also experienced a significant decline.In addition, the TRUMP token, launched a few days before his inauguration, has been described as a “speculative asset lacking practical utility” and has already experienced a significant correction. (The New York Times)