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>>Ross Gerber reported that an estimated 1.5 million crypto wallets suffered losses in projects tied to Trump, following the 97% plunge of the TRUMP token from its all-time high.

Ross Gerber reported that an estimated 1.5 million crypto wallets suffered losses in projects tied to Trump, following the 97% plunge of the TRUMP token from its all-time high.

crypthub

7/3/2026, 7:04:48 AM

Significant Wallet Losses in Trump-Linked Crypto

Ross Gerber stated that approximately 1.5 million wallets associated with the $TRUMP token experienced losses of up to 97% from its peak value. Reports indicate that the decline in the token caused massive financial losses for general investors. Meanwhile, these same crypto projects generated significant revenue primarily for insiders.

Regulatory and Oversight Concerns

Following the sharp decline, US lawmakers are calling for the implementation of stricter rules. These new regulations aim specifically at limiting politicians' involvement in the digital asset market. This calls for increased oversight concerning political participation in crypto ventures.