Peter Schiff Says Trump Made $1.4 Billion Selling Meme Coin While Investors Lost as Much
Summary
- Peter Schiff said US President Donald Trump generated about $1.4 billion in profit from selling a meme coin.
- Schiff said investors in the same meme coin suffered total losses of $1.4 billion.
- He said there was no detailed basis for the calculation or independent verification of those profit and loss figures.
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Peter Schiff claimed that US President Donald Trump made $1.4 billion from selling a meme coin, while investors suffered losses of a similar magnitude.
Cointelegraph reported on November 11 that Schiff made the claim in referencing Trump's meme-coin sales gains and investor losses.
Schiff said Trump earned about $1.4 billion through meme-coin sales and that investors' total losses also came to $1.4 billion.
However, the profit and loss figures were Schiff's claim, and no detailed basis for the calculation or independent verification was provided.
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