Investors lost billions on Trump’s memecoin. Another gala won’t fix that.
By Ashley Belanger
Published on April 22, 2026.
The next Donald Trump memecoin event could be the last if Democrats take control of Congress, passing legislation banning the president and his family from profiting from the controversial token. Since launching, Trump's family has reportedly made over $280 million from the sale of the memecooin, while the value of the token has significantly declined. Insiders linked to Trump affiliates who hold most of the tokens have benefited from these transactions, earning over $600 million. Retail investors have lost more than $4.3 billion. The price of the Trump memecoins has largely stuck under $3, where it remains as of this writing. David Krause, a finance expert at Marquette University, has been monitoring the token’s price since its launch. Concerns have been raised about the lack of transparency about the token's utility and its reliance on financial incentives rather than tangible ones.
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