Indeed, the traders most affected by the erosion of the token’s value remain first-time investors. “These are largely new retail buyers,” said the blockchain analytics firm

Speculative meme coin funds will test the Securities and Exchange Commission’s boundaries under President Trump.

President Donald Trump's official meme coin isn't just rubbing some cryptocurrency executives the wrong way -- it's also annoying some of his run-of-the-mill MAGA supporters. The Guardian has flagged some comments posted on a pro-Trump subreddit recently that show disillusionment with Trump's decision to launch his own digital currency,