The "Official Trump" cryptocurrency coin initially saw a peak value of $75 per token but has since plummeted to around $16.50, resulting in significant losses for many investors. The Trump family and its partners have reportedly earned nearly $100 million in trading fees, while early traders made $669 million in profits. However, for the majority of investors, there were collective losses of $2 billion. The rollout of the token has raised concerns of insider trading, although no direct evidence has emerged. Many Trump supporters who invested in the coin have been financially devastated by its collapse. Despite this, the Trump family remains involved in the cryptocurrency industry and has recently launched another financial services platform. There is speculation that the Trump token may rise again in the future.
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