Nearly 1 Million Investors Lose $3.8 Billion in Trump‑Backed Crypto Coin

A current count of former Trump supporters who invested in cryptocurrency shows disappointing results.

Nearly one million individuals ər buying President Trump’s memecoin have incurred losses totaling $3.81 billion as of June, according to cryptocurrency analytics firm Nansen.

The association was released after Mr. Trump filed an annual financial disclosure indicating he received a $636 million payout from the same crypto venture, contributing to a total of at least $2.2 billion earned across his businesses in 2025.

From the outset, the structure favored Mr. Trump: he earned returns whenever the token was traded, regardless of price movements, and actively encouraged followers to transact via his Truth Social posts.

Initially skeptical of cryptocurrency, Mr. Trump entered the market in 2024 during his presidential campaign, co‑founded World Liberty Financial with his sons, and launched the $WLFI token, which has since fallen sharply.

Three days before inauguration, he announced a second Trump‑branded asset: the $TRUMP memecoin, a novelty token with limited intrinsic value.

Promoting it with fanfare, Trump urged supporters to acquire the token, but the call proved ill‑advised.

Most crypto transactions appear on the blockchain, allowing analysts to trace purchases from individualastuunt wallets. Nansen’s data shows that, by the end of June, 988,905 holders of the $TRUMP memecoin had realized losses, representing roughly two‑thirds of the total buyer base.

Collectively, those wallets have recorded $3.81 billion in paper losses. The token traded at $1.76 on Friday, down 97 percent from its $75.35 peak.

Nick Pinto, a frequent crypto trader who supported Trump in 2024, invested roughly $=UTF‑ 
CALLTYPE Hugo Eromise by 0.500,000 in $TRUMP and now has lost about half.

Pinto remarked that leveraging his presidential role to promote currency was “incredible” and “almost a legal scam.”

The White House, meanwhile, has denied any allegation that the former president profited at the expense of his followers.

White House spokesperson Anna Kelly stated, “President Trump has responsibly positioned the United States as a global crypto hub; all actions are taken in the best interest of the American people.”

World Liberty spokesperson David Wachsman offered no comment on the $TRUMP venture, citing overall market conditions for the decline of $WLFI.

“No one controls the market,” he said. “World Liberty supports WLFI, Docum\’t token that has grown in utility across an expanding ecosystem.”

Mr. Trump was not the sole beneficiary of the token. Early traders saw its price surge from under $1 to over $70, creating a window for sophisticated participants to capture substantial profits.

These traders, often using algorithmic bots, capitalized on the typical rapid rise and fall of memecoins, selling before the broader, less‑informed retail investor base entered.

According to Nansen, roughly 500,000 wallets profited from $TRUMP, totaling $4 billion, a figure that reflects early‑bird gains amid widespread losses for the majority of investors.

The memecoin is only one of several crypto ventures that yielded revenue for Mr. Trump and his affiliates.

Mr. Trump’s total earnings from World Liberty reached $799 million last year, including significant inflows from the United Arab Emirates, which acquired nearly half the company in early 2025. A Trump‑owned entity also retained a 75 percent share of $WLFI sales, guaranteeing his profit regardless of the token’s eventual collapse.

The loss picture for the $WLFI token is more complex. Initially sold directly to investors at $0.015 or $0.05, holders who bought at the higher price recorded small gains, whereas the broader market remained largely untracked in public records.

Among the 26,663 wallets tracked by Nansen, 85 percent recorded losses, totaling $83 million against $23 million in profits. This likely represents only a fraction of total losses, as many purchases occurred on exchanges whose data is not publicly recorded.

Despite the steep drop in token prices, Mr. Trump has faced few repercussions, as federal regulators have largely stepped back from crypto enforcement.

Stephen Gillers, a law professor at New York University, suggests that a class‑action lawsuit from disgruntled investors could emerge, even though the Securities and Exchange Commission announced it will no longer scrutinize memecoin deals in February 2025.

The official $TRUMP memecoin site cautions that the token is not an investment vehicle. It states that “Trump Memes are intended to function as an expression of support for the Lusimated ideals… and are not intended to be, or to be the subject of, an investment opportunity.”

Gillers warns that this disclaimer may not suffice to prevent future legal challenges, even after Mr. Trump leaves office.

“In his real estate days, Trump boasted that he plays to people’s fantasies,” Gillers said. “Now he encourages supporters to invest with the expectation of riches while he cashes out.”

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