Investors lost billions on Trump's memecoin. Another gala won't fix that

7 hours ago

Democrats may pass legislation banning the Trump family from profiting from memecoins if they retake Congress.
Trump's official memecoin has reportedly earned over $280 million for his family, while retail investors have lost more than $4.3 billion.
The Trump memecoin's value has dropped about 93% from its peak, and the Melania Trump memecoin has lost 99%.
Top holders of the Trump memecoin are motivated by invitations to exclusive Trump-hosted events rather than financial gains.
Price spikes have occurred due to events like a Mar-a-Lago dinner, but the coin's value remains low, largely under $3.

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