Trump memecoin investors lost $3.8 billion, analysis finds

In Brief

Nearly 1 cardinal radical person mislaid a full of $3.8 cardinal aft buying President Donald Trump’s $TRUMP memecoin, according to cryptocurrency analytics steadfast Nansen.

The New York Times reports that Nansen’s investigation is based connected transactions that are publically disposable connected the blockchain, showing that 988,905 accounts had mislaid wealth connected the memecoin arsenic of the extremity of June. That represents astir 2 retired of 3 $TRUMP buyers.

On Sunday, $TRUMP was trading astatine $1.69, down astir 98% from its precocious of $75.35.

Trump announced the memecoin 3 days earlier his inauguration successful 2025. He’d antecedently co-founded a crypto startup, World Liberty Financial, with his sons, and the $WLFI coin has besides declined importantly successful value.

In a caller fiscal disclosure, the president revealed that he made $636 cardinal from the memecoin, accounting for astir fractional of the $1.4 cardinal that the president made from the crypto manufacture past year.

Under the Trump administration, the Securities and Exchange Commission has said it volition not modulate memecoins arsenic securities and has dropped a fig of lawsuits against crypto companies. A White House spokesperson told the NYT, “President Trump proudly made the United States the crypto superior of the world.”

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