Nearly 1 Million Investors Lost $3.81 Billion on Trump's Memecoin as He Pocketed $636 Million
Updated
Updated · The New York Times · Jul 4
Nearly 1 Million Investors Lost $3.81 Billion on Trump's Memecoin as He Pocketed $636 Million
3 articles · Updated · The New York Times · Jul 4
Summary
Nearly 1 million buyers of Donald Trump’s $TRUMP memecoin were sitting on combined losses of $3.81 billion through the end of June, according to crypto analytics firm Nansen.
Nansen’s tally came after Trump’s annual financial disclosure showed he made $636 million from the same venture, with the structure letting him profit from trading activity even when the token fell.
Truth Social promotions helped drive trading in the coin, which Trump launched three days before his inauguration as a novelty cryptocurrency with little practical use.
The memecoin was part of Trump’s broader 2025 crypto push, which also included World Liberty Financial and its $WLFI token; his disclosure put total income from all business ventures that year at at least $2.2 billion.