World
Bad news for Donald Trump amid Iran war, US President-linked brand crashes, suffers Rs 519347300000 loss due to…
Since US President Donald Trump came into power, the melodrama in world politics has refused to end. Every move he takes acts like a TRP booster for him. One such event was the launch of the Trump coin last year. What looked like a blockbuster moment in the crypto world has now turned into a tragic tale. Trump-themed meme coins, linked to Donald Trump and his brand, grabbed global attention with massive investor interest and billion-dollar trading volumes. The buzz reached its peak with an exclusive gala at Mar-a-Lago. But as the hype settled, prices crashed sharply in April, leaving many investors facing heavy losses.
When was it launched?
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On April 25, 2026, a high-profile event was hosted at Mar-a-Lago for the biggest holders of the $TRUMP coin. Entry was limited to the top 297 buyers or those who spent heavily on Trump-branded merchandise. The top 29 investors received special access through a private interaction with Trump, which sparked criticism and raised concerns about a ‘play-to-play’ model. In the weeks leading up to the event, investors traded over USD 1.35 billion just to climb the leaderboard and secure an invitation.
How much did the price crash?
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Over the past year, Trump Coin’s price has collapsed to a record low. It has plunged by almost 95%–97%, resulting in investors losing billions of dollars in value. A token that traded at USD 50 in January last year has now fallen to USD 2.27, and all signs indicate that the decline may continue in the foreseeable future. Its market cap has crashed from over USD 6 billion to USD 528 million, resulting in losses of nearly Rs 51,934.73 crore.
Legal Issues and Earnings Controversy
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The situation has also led to legal trouble. Crypto entrepreneur Justin Sun has filed a lawsuit against a Trump-linked entity, alleging he was restricted from selling his tokens at the right time. At the same time, reports suggest that the Trump family earned millions through transaction fees every time these coins were traded, even as investors saw their holdings shrink.
White House Response
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Amid the controversy, the White House has denied any conflict of interest. It has stated that Trump’s assets are placed in a “blind trust” managed by his sons, distancing him from direct control over these ventures.
What lies ahead?
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Experts believe there could be limited recovery in the future, especially with plans like a ‘Trump Billionaire’ mobile game. However, a large supply of around 800 million tokens expected to be released by 2028 may keep prices under pressure. For now, the episode serves as a reminder of how quickly hype-driven markets can rise and fall.
