More than 813,000 crypto wallets have lost a total of $2 billionafter buying President Donald Trump’s memecoin, according to an assessment by Chainalysis commissioned by theNew York Times. Meanwhile, the Trump Organization and its partners gained $100 million in trading fees. Since its Jan. 17 launch, $TRUMP has lost most of its value, which is now about $16 per share, down from its $75 peak.
As I said the big players getting into crypto does not legitimise it whatsoever. They will be just making $$$ off of the suckers going there.