Report: Trump Memecoin Investors Have Lost More Than $3.8 Billion

Analysis from Nansen showed that profits had been generated by just under half a million wallets from Donald Trump’s memecoin, while losses were recorded by the overwhelming majority of buyers.

Newly published analysis shows that a collective loss of $3.8 billion had been suffered by nearly 1 million buyers of Official Trump (TRUMP), the memecoin associated with US President Donald Trump, by the end of June.

According to a report by analytics firm Nansen cited by The New York Times on Saturday, losses had been recorded by 988,905 TRUMP buyers, representing roughly two out of every three holders of the memecoin, as of the end of last month.

A total loss of $3.81 billion was incurred by those buyers, including individuals who have continued holding the token despite remaining in a loss position.

The report follows Trump’s annual financial disclosure, released on Tuesday, in which more than $1.4 billion in income from his crypto-related ventures during the past year was revealed, renewing concerns over the president’s cryptocurrency activities while serving in office.

Just under half a million wallets reportedly recorded profits totaling $4 billion from the token, with Nansen stating that the gains were largely captured by a small group of early buyers, while losses were absorbed by the vast majority of retail participants.

The nearly 1,000-page disclosure showed that more than $630 million had been earned by Trump from his TRUMP memecoin, while a combined net profit of only about $200 million was generated by all buyers of the token in comparison.

The memecoin was launched by Trump only days before his return to office in January 2025, with its price quickly climbing above $73. Since then, a decline of more than 97% has been recorded, and the token is currently trading at $1.70, according to CoinGecko.

World Liberty Financial Token Investors Also Face Likely Losses#

World Liberty Financial (WLFI), the token linked to the crypto trading platform of the same name, was also analyzed by Nansen. Trump and his three sons are listed as the platform’s co-founders.

WLFI was initially offered directly to investors at 1.5 cents before a later sale at 5 cents. According to Nansen, a modest profit was likely made by those who purchased the token at 5 cents. However, losses had been recorded by 85% of the nearly 27,000 wallets tracked, amounting to a combined $83 million, while total profits of $23 million were generated by the remaining wallets.

Nansen said additional investors are likely to have suffered losses on the token, as WLFI was also purchased through exchanges where trading data is not publicly available. The token was made accessible to the public through secondary exchanges in September.

Meanwhile, Trump’s financial disclosure revealed that nearly $800 million was earned from the World Liberty Financial platform last year, as 75% of WLFI token sales are collected by a Trump-linked business regardless of the token’s market price.

During an interview with CNBC on Thursday, questions about perceived conflicts of interest were sidestepped by Trump, who said there was “nothing illegal” and “nothing wrong” with the crypto profits disclosed in his filing, while claiming that his investments were being managed by other people.