New Delhi, Feb. 14 -- Donald Trump's cryptocurrency $Trump has turned out to be a bad investment for thousands of investors who rode the high tide, putting their money in the memecoin launched three days before the US President's inauguration in January.

Launched on January 17, Trump announced the launch of his cryptocurrency $Trump, asking his followers on TruthSocial to purchase the coin and join its community.

The price of the cryptocurrency had skyrocketed upon its launch, with earliest investors becoming some of the major beneficiaries. However, this rapid growth was followed by a sharp decline, with more than 8 lakh investors losing around $2 million.

The interest in $Trump has been huge from the day of its inception. The 59,71,7...