764k Trump Meme Compuns reportedly lost money

The choice of President Donald Trump last year was good news For the cryptocurnancy industry.

Smaller investors in Trump Mongo $ Trump Meme Coin introduced the beginning of this year, they were obviously not lucky.

Approximately 764,000 wallets who bought token have lost money on their investment, CNBC export Tuesday (6. May), stating Chain Data.

Most of these wallets – accounts that store the keys needed to access cryptological farms – they maintained smaller amounts of Trump $, the report said. Of approximately 2 million wallets who bought Kovanica, 58 made more than 10 million dollars, or about $ 1.1 billion of winnings.

CNBC report notes that $ Trump token, who jumped into popularity after being connected to the beginning of Trump’s second term, has tily swung in priceOffering investors highly unevenly returns.

The interest in the coin is more than 50% when the project website promised Top 220 ticket owners for dinner with the president later this month, a report was added.

Abdomen They debuted tokens days Before laying the function, with the first lady Melania Trump, it soon represents its Meme coins. The move attracted a few in some crypto industry, who said Trump injured the credibility of digital property.

As noted here, the Sent Sector is a partlyFuel criticism that the crypto industry is risky and frivolous. Mema coins rely on current moments on social media that can evaporate as fast as materializes.

Trump promised to turn us into “Cripto Capital of the Planet” And – such as Pimnts written Tuesday – he will need a law on cryptocurrency to happen.

“But while accounts for and regulations on Stablecoine and legislation in the structure market expected in the first 100 days of its administration, Small concrete progress Members made legislators in improving the comprehensive framework of domestic policy – especially as it refers to the crypto market, “said that report said.

Based on the events surrounding Tuesday, the hearing on the legislation of the digital asset, Pimnts were added, may need 100 days to cool the temperers on both sides of the passage.

The planned hearing should have been a bipartisan event, although it was coming out when several democrats came out, protesting the repulancy of the Republicans to put on the legislation that would block Trump to be enriched from crypto.

“Political conflict means a sharp turn in what once a relatively two-sided area of ​​interest and risks that turn and both Review StableCoin And Cripto Market Clariting from the regulatory challenge in political football, which was thrown back and forth, “Pimnts wrote.