Big news in the world of cryptocurrency! A new cryptocurrency called $TRUMP, named after Donald Trump, lost a lot of money. It's a meme coin, which means it's based on an internet joke, not a real product. Many people invested hoping for big profits, but things didn't go as planned.
- The $TRUMP coin's value dropped a lot, causing investors to lose about $12 billion!
- This happened at the same time other cryptocurrencies like Bitcoin and Ethereum also lost value.
- Some people think this is because Trump hasn't done what investors hoped he would do with cryptocurrencies.
- A big cyberattack that stole $1.5 billion in cryptocurrency also scared investors.
| Cryptocurrency | Change |
|---|---|
| $TRUMP | Lost about $12 billion in value |
| Bitcoin | Down 20% |
| Ethereum | Reached a 16-month low |
