Two US senators have written to the SEC, calling for an investigation into Trump Memes Coin following massive investor losses. The coin, once the second-largest meme token by market capitalization, has plummeted out of the top 100 altcoins.
Source
"US Senators Demand Investigation into Trump Meme Coin's Collapse" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
The collapse has resulted in billions of dollars in losses for investors, with its value dropping by a staggering 98% over a period of 18 months.