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Young crypto voters criticize Trump's token sales as greedy cash grabs, causing his support to drop sharply.

Market News
02 Oct 2026
Bitcoin
View Source
Bearish
Young crypto voters criticize Trump's token sales as greedy cash grabs, causing his support to drop sharply.

Young crypto investors and voters aged 18-24 are increasingly critical of Donald Trump's involvement in cryptocurrency, labeling his TRUMP tokens as greedy cash grabs. This shift in sentiment has caused his support among this key demographic to fall from 43% to 19%. Despite Trump's backing of crypto regulations like the Digital Asset Market Clarity Act, retail investors and even some holders of his memecoin express distrust, viewing his crypto ventures as profit-driven. Trump reportedly earned over $500 million from token sales linked to World Liberty Financial, fueling backlash among his crypto supporters.

TRUMP token trades at Rp37.773 on Pluang with a market cap of Rp10,53 trillion as of Oct 02, 2026 15:41 WIB. Despite the article's report of backlash over token sales, Pluang data shows a positive 1-day change of +2.72% and a strong buy interest with 63% of orders to buy. The typical hold time is 29 days, indicating some investor confidence amid the controversy.

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