In Trump's crypto 'scrip', family always wins. Investors don't
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ReutersTrump's crypto play (Image for representation)
It was January 2025, crypto fever was raging, and Donald Trump was preparing to return to the White House. So when Fatime Elrgdawy's friend told her about an online message from the United States president-elect hyping the launch of his own crypto coin-"GET YOUR $TRUMP NOW"-she thought: "Oh my God, this is brilliant."The 29-year-old software project engineer in California put $2,000 of her savings into the $TRUMP meme coin. All that remained, she thought, was to sit back and wait for the price to , the price plummeted. At the end of May, her $TRUMP holding was worth less than $120. Meanwhile, the Trump family pocketed hundreds of millions of dollars from the token sales after putting little to none of their own money into the project.
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