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You are here: Home / Financial Markets / Small-Time Trump Coin Buyers Lose Big
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Small-Time Trump Coin Buyers Lose Big

May 8, 2025 at 2:26 pm EDT By Taegan Goddard Leave a Comment

“At least 67,000 new or small-time crypto investors… have bet on Trump’s meme coin, pouring $15 million into the volatile venture endorsed by Trump and benefiting his personal wealth,” a Washington Post analysis found.

“But virtually all of them bought near the coin’s peak, just before the inauguration, and 80 percent of them have seen the value of their holdings nosedive.”

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Filed Under: Financial Markets


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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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