Some investors who purchased moments after Trump announced his meme coin on January 18 made terrific gains on the speculative asset, tens of thousands of investors have lost money since they bought in near the highs of around $74. It is currently trading at around $13.

Top investors in the meme coin $TRUMP will get to dine with President Donald Trump. Some Democrats call his family cryptocurrency ventures “profoundly corrupt,” while his press secretary says he is abiding by all laws regarding conflicts of interest.

By Michelle Conlin NEW YORK (Reuters) -Buyers of U.S. President Donald Trump’s $TRUMP meme coin spent an estimated $148 million in the contest to win the opportunity to dine with the president at his private golf club outside of Washington,