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Trump's currency impact costs billion in losses
Trump's digital currency investors (Memecoin) suffered losses totaling $3.8 billion, as the currency's value plummeted from its peak of $75.35 to around $1.69 amid a global decline in the cryptocurrency market. It was found that about two-thirds of investors' accounts were affected by these losses by the end of June, just as Trump announced the currency ahead of his anticipated inauguration in 2025. Last year, he made a profit of $636 million from trading it.
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