About two-thirds of investors in President Donald Trump’s meme coin Official Trump (TRUMP) have suffered losses. Meanwhile, some early investors have raked in over 4.04 billion USD in profits, highlighting a stark contrast in investment outcomes.
CoinDesk reported on July 5 that cryptocurrency analytics firm Nansen revealed that out of 1.48 million wallets that purchased the Official Trump token since its launch last January, 989,905 (roughly 67%) are currently in the red.
On the flip side, 492,285 wallets have recorded profits, amassing approximately 4.04 billion USD in gains.
The Official Trump token surged to a peak of 75 USD just two days after its debut last year, but subsequently nosedived, leaving late investors with hefty losses.
Analysts point out that while a handful of early birds captured the lion’s share of profits, latecomers who bought at the peak are now nursing substantial losses.
As of now, Official Trump is trading at around 1.79 USD, a staggering 96% below its all-time high.
Its market cap has also shrunk dramatically, plummeting from a peak of about 15 billion USD to the current 425 million USD.