The news content states that individuals who invested in cryptocurrency projects associated with Donald Trump and his family have lost money. The mentioned projects include TRUMP and MELANIA memecoins, Trump Digital Trading Cards, and Melania Trump's Head of State NFT collection. The TRUMP memecoin listed on Robinhood at around $50 but has dropped below $18, resulting in significant losses in market capitalization. The MELANIA coin listed on Coinbase Wallet at around $10 but has plummeted to below $1.50. Other Trump family coins like DJT and BARRON have also caused losses for investors. The article highlights concerns over the lack of a use case, regulatory conflicts, and a government with little interest in protecting investors. Additionally, Trump's NFT collections, including Trump Digital Trading Cards and the Mugshot Edition, have seen declining sales activity, as have Melania's NFT collections. Some collections even used copyrighted images or had evidence of wash trading.



Other News from Today