Nearly 1 million people have lost a total of $3.8 billion after buying President Donald Trump’s $TRUMP memecoin, according to cryptocurrency analytics firm Nansen. The New York Times reported that Nansen’s analysis, based on publicly visible blockchain transactions, indicated that 988,905 accounts had incurred losses on the memecoin as of the end of June. This loss reflects approximately two out of every three $TRUMP buyers.
As of Sunday, the $TRUMP token was trading at $1.69, down nearly 98% from its peak value of $75.35. Trump introduced the memecoin three days before his planned inauguration in 2025. He previously co-founded a crypto startup called World Liberty Financial alongside his sons, and the related $WLFI coin has also seen a significant decline in worth.
A recent financial disclosure revealed that Trump made $636 million from the $TRUMP memecoin, which constituted nearly half of the $1.4 billion he earned from the crypto sector last year. During his presidency, the Securities and Exchange Commission stated that it would not regulate memecoins as securities and has dismissed a number of lawsuits against various crypto companies.
A White House spokesperson commented, “President Trump proudly made the United States the crypto capital of the world.”
