Imagine a special kind of internet money called cryptocurrency. Some are serious, like Bitcoin. Others are memecoins, based on jokes or famous people! Recently, a memecoin based on Donald Trump lost a lot of money for investors.
- A memecoin called TRUMP lost about $2 billion.
- The government agency that watches over money, the SEC, says it might not be in charge of regulating memecoins.
- Experts compare memecoins to things like collectible toys, saying they aren’t really like Bitcoin.
| Fact | Number |
|---|---|
| Money lost by TRUMP investors | $2 billion |
| TRUMP's price drop since launch | ~80% |
| TRUMP's highest price | $72.60 |
