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Donald Trump supporters lose $12B after his meme coin collapses
There are cryptocurrency concerns as President Donald Trump's $TRUMP meme coin has lost 80% of its value and cost investors over $12 billion in losses.
The idea of celebrating Donald Trump's return to the Oval Office with a meme coin might've sounded like a patriotic way to usher in this new era of cryptocurrency and artificial intelligence advancements, and with 500 people reportedly becoming millionaires overnight, it looked like some were destined to become pretty rich. Interest in $TRUMP continues to slump (NurPhoto / Contributor / Getty) The Commander in Chief and his wife have come under fire recently, with the current worth of Melania's coin being branded as 'disgusting' just over a month after it was first launched. The Modern Emoluments and Malfeasance Enforcement (MEME) Act would prevent everyone from the President to members of Congress (as well as their families) from "sponsoring or endorsing a security, future, commodity or digital asset."
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