Nearly a Million People Lost $3.8 Billion on a Viral Cryptocurrency

Nearly one million retail investors lost a combined $3.8 billion on a cryptocurrency called $TRUMP in the first half of 2026, according to blockchain analysis. The digital currency soared to $75 in January 2025 before crashing 98% to $1.69. Two-thirds of everyone who bought it lost money. Public transaction records made the scale of losses unusually visible.