A new report by 10x reveals that retail investors are nursing significant losses following the launch of the Trump (CRYPTO: TRUMP) meme coin, leading to hesitation in engaging in further speculative cryptocurrency trading.
What Happened: The report highlights a sharp decline in meme coin interest and trading volumes, with retail investors retreating from the market amid concerns over insider advantages and liquidity risks.
“Retail investors tend to tolerate risk despite frequently losing money—look at weekly lottery sales,” the report states. “However, they withdraw when they sense the game is rigged.”
The TRUMP token soared to a $14.5 billion market cap just two days after launch, fueled by rapid exchange listings that provided exit liquidity for early buyers.
However, the token has since plunged 78% from its …
Full story available on Benzinga.com