3.8 Billion Dollars doesn't disappear. Saying that the buyers "lost" 3.8 Billion Dollars is only telling half the story, and IMO the least important half.

Buyers spent 3.8 billion dollars on a coin that is worthless. So who received the 3.8 billion dollars? Most of it went to the people who sold the coin originally.

In other words, Trump fleeced his base. Again.

If you knew anything about crypto, you knew this was huge rug pull bait. Win the election, spin up your own coin. The mindless MAGA base buys it up from the election win hangovers then pull the rug.

Easy money.

Who could have foreseen this?!

reflecting a broader downturn in the sector.

What sector is that, the money laundering sector?

And Trump increased his revenue by 2 billion last year…. Funny how that works.

"I love the poorly educated."

griftin'.... griftin'.... griftin' the night away....

I thought this was just a mechanism for Trump to take bribes?

I'm sure there are idiots who tried to play the pump n dump and some MAGAs who deserve whatever comes to them, but I bet a good number of people who "lost money" were insiders recruited to pump the price for political favors.

It’s all grift — all the way down

You mean Trump's pump and dump?

I mean, to be honest its their own bloody fault.