Crypto trader loses $ 1 million in just 2 hours due to Donald Trump’s meme-coin

A cryptocurrency trader lost about $ 1 million in two hours due to investments in meme coins associated with Donald Trump’s family. According to Lookonchain analysts, this happened amid frenzied speculation around Trump and Melania coins, which suddenly gained popularity in the crypto community.

It is known that a trader invested a significant amount in one of these meme coins after its price rose. However, the crypto asset’s rate plummeted, leaving the investor with huge losses. Such situations are not uncommon, as memecoins, although they have the potential for quick profits, remain extremely unstable due to low liquidity and high dependence on speculation.

Experts warn that such assets attract not only enthusiasts but also fraudsters who can manipulate the market using the hype around famous names. Analysts emphasize that investors should carefully assess the risks before investing in dubious crypto assets, even if their popularity is growing.

The popularity of Trump-related memecoins is boosted by news of his cryptocurrency initiatives and statements of support for digital assets. However, these coins still remain a risky investment instrument.