New York Times: About a million investors lost a total of $3.81 billion on Trump-themed tokens

CoinFeed July 4 news, according to The New York Times, as of the end of June, nearly 1 million investors participated in various Trump-themed token investments, with cumulative losses reaching $3.81 billion. Crypto analytics firm Nansen explains the trading mechanism, stating that the fee distribution rules of the related tokens allow Trump to profit in both rising and falling market conditions, with earnings primarily coming from ongoing transaction fees. His social media platform Truth Social has repeatedly promoted these tokens, further stimulating market trading activity and amplifying retail investor participation.