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The situation has worsened as insiders reportedly cashed out millions in profits over the last week, leaving retail investors high and dry. While Trump-associated wallets retained control of about 80% of the token, small investors—dubbed "retail"—have faced catastrophic losses, with approximately 200,000 alignments now eroded irretrievably.
Public Sentiment and Future Implications
The fallout from the meme coin disaster is influencing investor sentiment toward World Liberty Financial and Trump's wider crypto ambitions. As insider trading comes to light, the public's trust in Trump’s cryptocurrency initiatives wanes, branding it as a potential cash grab rather than an authentic financial revolution.