According to Global Ledger, scammers made over $857M riding the hype around the TRUMP memecoin and similar tokens (Milei, Melon Musk, Putin).
The scheme: Pump and Dump — they create the illusion of demand, drive up prices, then sell off, causing a crash
Tokens were sent to major TRUMP holders, attracting traders
Result: massive losses for investors
Stay cautious when investing in questionable projects!