Trump Coin Memecoin Transfers $3.8B From Late Retail Buyers to Early Holders
Source: The New York Times
The $TRUMP token collapse demonstrates memecoin mechanics in practice: 1 million retail investors absorbed nearly $4 billion in losses while 500,000 early insiders—who exited at the peak—remained net positive. Timing and access determined outcomes. Retail customers bore the structural losses. The token functioned as a wealth transfer mechanism from late buyers to early holders.