The New York Times: About one million investors in Trump-themed tokens have collectively lost $3.81 billion

According to The New York Times, as of the end of June, nearly 1 million investors participated in various Trump-themed token investments, with a total loss of $3.81 billion. Crypto analytics firm Nansen analyzed the trading mechanism and stated that the fee distribution rules of the related tokens allow Trump to profit in both rising and falling markets, with the core revenue coming from the continuously generated trading fees.

His social platform Truth Social has repeatedly promoted related tokens, further stimulating market trading activity and amplifying retail participation. Data shows that Trump shifted his conservative stance on cryptocurrencies during the 2024 campaign phase, laying out a strategy for the commercialization of digital assets; the TRUMP token launched on the eve of his inauguration was defined by the market as a purely speculative asset with no actual application value, experiencing a significant correction after its launch, leaving many retail investors who entered at high prices deeply trapped.