CoinDesk reports:

Foreign media report that controversy surrounding Trump-linked crypto projects is heating up again. According to data cited by The Wall Street Journal, approximately two-thirds of wallets that purchased the Official Trump (TRUMP) memecoin are currently in unrealized loss; about 85% of secondary market buyers of the World Liberty Financial (WLFI) token are also underwater.

Approximately 1.48 million wallets are underwater.

The report noted that approximately 1.48 million wallets experienced unrealized losses related to the TRUMP token. Investor Ross Gerber criticized Trump’s crypto venture, stating that numerous retail investors suffered losses while those involved in the project reaped substantial profits.

However, the…