TRUMP memecoin buyers lost $3.81 billion as the token crashed 97%

Nearly 989,000 holders of the TRUMP memecoin are in the red after the token lost 97% of its value. The president personally earned more from the coin than all of its profitable buyers combined.

According to The New York Times, citing crypto analytics firm Nansen, 988,905 wallets, roughly two out of every three buyers, recorded losses by the end of June. Their combined losses amount to $3.81 billion.

That figure includes both realized losses from those who have already sold, and unrealized losses held by those still waiting for a recovery. A recovery looks unlikely. The token peaked at $75.35 in January and has since fallen roughly 97%, trading around $1.76 at the end of June. At launch in January 2025, its market capitalization approached $15 billion. It now stands at around $425 million.

The gains were concentrated among a small group of early buyers. Fewer than 500,000 wallets came out ahead, with combined profits of $4.04 billion. Most of those buyers entered in the first hours of trading, when the token was priced below a dollar. Netting profits against losses across all 1.48 million holders, the total positive return works out to just $236 million.

Against that backdrop, Trump's personal earnings stand out sharply. His annual financial disclosure, published by the Office of Government Ethics, showed $636 million in income from the memecoin alone, routed as royalties through a company called CIC Digital LLC. Trump actively promoted the token on his Truth Social platform, urging his followers to buy in.

One of the buyers who lost money, Nicholas Pinto, a frequent crypto trader and 2024 Trump voter who lost roughly half of his $500,000 investment, told the NYT that the president is "leveraging the power of being president to launch currencies, when he seems trustworthy in the public's eye." He added: "It is almost a legal scam."

The White House pushed back on the criticism. Spokeswoman Anna Kelly told the NYT that "President Trump proudly made the United States the crypto capital of the world," and that "all actions by President Trump and his administration are taken in the best interest of the American people." A World Liberty Financial spokesman attributed the token's decline to broader market conditions, saying "no one can control the markets."