According to experts from Lookonchain, an unknown trader lost at least $9 million on his investments in the TRUMP memcoin.
Initially, he invested 12 million USDC in the TRUMP memcoin, buying tokens at a price of $13,94, the sale took place at a price of $27,67. Subsequently, the trader decided to invest money in the TRUMP memcoin again and bought 766 TRUMP at $083. As a result, at the moment, his loss is $44,25 million.
As Lookonchain analysts emphasized, the trader not only lost all profits from the transactions, but also lost an additional $9 million.
He was far from the only one who lost money due to memecoins associated with the Donald Trump family by name. Earlier, one of the investors lost more than $1 million on investments in the BARRON memecoin allegedly associated with Donald Trump's son Barron. However, in fact, the family of the new US president was not behind the development of the token.
Lookonchain analysts have once again warned that memecoins are high-risk assets, especially those associated with political figures and famous people.
Donald Trump himself may have earned more than $802 million since the release of his memecoin. This politician knows how to create something in time and sell it profitably.
