Nearly 1 million people have lost a total of $3.8 billion after buying President Donald Trump’s $TRUMP memecoin, according to cryptocurrency analytics firm Nansen.
The New York Times reports that Nansen’s analysis is based on transactions that are publicly visible on the blockchain, showing that 988,905 accounts had lost money on the memecoin as of the end of June. That represents around two out of three $TRUMP buyers.
Originally reported by TechCrunch. Read the full story at the original source.
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