In the early days of cryptocurrency, some traders made significant profits from a new token launched by President Donald Trump and his sons. The launch of the “Trump Coin” in 2018 was a rare example of a successful initial coin offering (ICO). However, for many others, the investment was a costly mistake.
According to reports, early investors who bought the cryptocurrency before it went public made tens of millions of dollars in profit. One trader, who wished to remain anonymous, reportedly earned over $10 million from his initial investment.
On the other hand, many others suffered significant losses when the value of the Trump Coin plummeted shortly after its launch. The reasons behind this rapid decline are still unclear, but experts speculate that it may have been due to a lack of transparency and regulatory issues.
The ICO was seen as an opportunity for those who were willing to take risks and invest in emerging technologies. However, for some investors, the risks outweighed the potential rewards.
Source: https://www.nytimes.com/2025/02/09/us/politics/trump-crypto-memecoin.html