Nearly 1 Million Trump Memecoin Investors Face $3.81 Billion in Losses
Nearly one million cryptocurrency wallets that purchased President Donald Trump’s official memecoin have recorded losses since the token launched in January 2025. According to blockchain analytics firm Nansen, around 988,905 wallets out of 1.48 million buyers are currently in the red.
The report estimates total realized and unrealized losses at $3.81 billion by the end of June. At the time of the analysis, the TRUMP token was trading near $1.78, representing a decline of about 97% from its all-time high reached shortly after launch.
Early Investors Earned Billions While Most Buyers Lost
Although most investors are facing losses, early buyers experienced significant gains. Nansen found that 492,285 wallets generated a combined profit of approximately $4.04 billion. Many of these investors purchased the token for less than $1 before its price surged to nearly $75 within days of launch.
When profits and losses across all wallets are combined, investors remain ahead by only about $236 million. That figure is considerably lower than the $636 million in memecoin-related income reported by Donald Trump in his latest financial disclosure.
Financial Disclosure Raises New Questions
President Trump’s annual financial disclosure revealed that the memecoin generated $636 million in royalty income through CIC Digital LLC. The filing also listed more than $1.4 billion in cryptocurrency-related earnings from various crypto ventures during 2025, including World Liberty Financial.
Responding to criticism, Trump said his financial assets are managed by outside institutions and argued that investors have benefited from broader market growth. The White House also defended the administration’s crypto policies, stating that they are intended to strengthen the United States’ position as a global leader in digital assets.
World Liberty Financial Investors Also Face Heavy Losses
Nansen also examined World Liberty Financial (WLFI), the governance token linked to the Trump family’s decentralized finance project. The analysis found that 85% of tracked wallets that purchased WLFI on secondary markets are currently holding losses.
Those investors have recorded roughly $83 million in losses compared with $23 million in gains. However, the data does not include more than 241,000 wallets that bought WLFI directly during the project’s token sales. Company representatives attributed the token’s decline to broader weakness across the cryptocurrency market rather than project-specific issues.
Crypto Market Decline Fuels Investor Concerns
The broader cryptocurrency downturn has intensified losses across both TRUMP and WLFI. Bitcoin has fallen significantly from its previous record highs, while the TRUMP token’s market value has dropped from nearly $15 billion at its peak to around $425 million.
The report comes as U.S. lawmakers continue debating crypto regulation through the proposed CLARITY Act. Several lawmakers have also pushed for stricter ethics rules that would limit elected officials and their families from issuing or promoting digital tokens. As discussions continue, the performance of Trump-linked crypto projects remains under close scrutiny from both investors and regulators.
