Trump Sues NY Times for Defamation, Claims $TRUMP Token’s Crash Was Their Fault

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In a move that could only be described as “typical Trump,” the former president has filed a colossal $15 billion defamation lawsuit against The New York Times, its four reporters, and the publisher Penguin Random House. This is all over their reporting that allegedly caused the catastrophic downfall of his cryptocurrency project, the $TRUMP token. Oh, and did we mention, he’s doing this in a Florida federal court, where anything can happen?

The lawsuit claims that a decade-long campaign of “intentional and malicious” defamation has been waged against Trump. But this isn’t just about a book or a few articles questioning his business skills-oh no, this is about the total annihilation of his reputation. Which, by the way, apparently extends to his crypto empire. Talk about taking things personally!

Now, let’s talk about this infamous book, “Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success.” The title alone sounds like a Netflix documentary in the making. Written by New York Times reporters Susanne Craig and Russ Buettner, the book is said to be at the heart of the lawsuit. It also doesn’t help that one of the articles questions the connection between the $TRUMP coin and Justin Sun, a Chinese crypto mogul. Suspicious much?

In classic New York Times fashion, the newspaper has responded with its usual grace and charm: “This lawsuit has no merit. It lacks any legitimate legal claims and is a blatant attempt to muzzle independent reporting.” Oh, and they’re not backing down. How brave. We can already imagine the dramatic music in the background of their newsroom as they prepare for the courtroom showdown.

So, How’s That $TRUMP Token Doing?

Not so great. According to CoinMarketCap, the $TRUMP token has taken a nosedive-88%, to be exact. From a high of $75.35, it’s now worth around $8.49. Talk about a crash course in crypto. The market cap still stands at a reasonable $1.7 billion, so it’s not entirely dead. Yet. But according to Trump’s lawsuit, it’s all because of those pesky articles. Sigh. Sure.

But here’s the kicker-while the $TRUMP memecoin takes a hit, Trump himself has somehow managed to grow his net worth. Probably not from the $TRUMP token, but hey, the man’s diversified. His sons, Eric and Donald Trump Jr., are reportedly diving deeper into the crypto world. So maybe there’s hope for the Trump crypto empire after all. Or maybe it’s just wishful thinking. Only time will tell.

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2025-09-17 20:37