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Senators urge SEC to probe $3.8B losses in Trump meme coin amid insider trading concerns.

Market News
04 Aug 2026
The Currency Analytics
View Source
Bearish
Senators urge SEC to probe $3.8B losses in Trump meme coin amid insider trading concerns.

Senators Elizabeth Warren and Richard Blumenthal have called on the SEC to investigate Donald Trump's meme coin after nearly a million investors lost over $3.8 billion from its launch in January 2025 to June 2026. Meanwhile, Trump and his family reportedly earned around $636 million from trading fees during the same period, raising concerns about insider trading and unfair profit distribution. The token's value plummeted from over $70 to under $1.50, sparking allegations of a "soft rug pull" and prompting scrutiny of the development team's token sales amid the price decline. The SEC has yet to comment, but the case highlights ongoing regulatory challenges in the crypto space, especially around meme coins and retail investor protection.

More News

Celldex Therapeutics upgraded to Buy after positive Phase 3 trial results for skin drug barzolvolimab.

Celldex Therapeutics upgraded to Buy after positive Phase 3 trial results for skin drug barzolvolimab.

Celldex Therapeutics received a Buy rating upgrade from H.C. Wainwright, with the price target raised to $64 from $42, following successful Phase 3 clinical trials of barzolvolimab. The drug showed rapid and lasting benefits for patients with a chron...

Analyst Insights
Bullish
3 hours ago
dLocal drives growth in emerging markets with single integration, trades at discount to peers amid margin pressures

dLocal drives growth in emerging markets with single integration, trades at discount to peers amid margin pressures

dLocal offers a unified payment gateway enabling global merchants to access over 60 emerging markets, fueling strong transaction volume and revenue growth. Although its take-rate has compressed to 0.71%, this is mainly due to merchant mix, volume tie...

Analyst Insights
Bullish
4 hours ago
Qualcomm launches Snapdragon 8 Elite Gen 6 chips focused on AI for premium Android phones.

Qualcomm launches Snapdragon 8 Elite Gen 6 chips focused on AI for premium Android phones.

Qualcomm introduced its Snapdragon 8 Elite Gen 6 chipsets, designed for high-end Android smartphones with enhanced on-device AI capabilities. Built using TSMC's 2-nanometer process, these chips target premium brands like Motorola, Xiaomi, and ZTE ami...

Market News
Bullish
4 hours ago
Simmons First National to hold Investor Day on Dec 10, outlining future strategies in NYC.

Simmons First National to hold Investor Day on Dec 10, outlining future strategies in NYC.

Simmons First National Corporation announced it will host an Investor Day on December 10, 2026, in New York City. The event will feature presentations by CEO Jay Brogdon, CFO Daniel Hobbs, and other executives discussing the company's strategic prior...

Market News
Neutral
4 hours ago
Quest Diagnostics to report Q3 2026 earnings on October 22 before market opens

Quest Diagnostics to report Q3 2026 earnings on October 22 before market opens

Quest Diagnostics announced it will release its third quarter 2026 financial results on October 22, 2026, before the market opens. The company will hold a conference call at 8:30 a.m. Eastern Time to discuss the results, accessible via phone and webc...

Company Fundamentals
Neutral
4 hours ago
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