988K Lost $3.8B on Trump Memecoin; He Made $636M
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- Nansen's blockchain analysis found that 988,905 accounts lost money on $TRUMP as of the end of June, totaling $3.8 billion in losses — roughly two out of three buyers.
- $TRUMP was trading at $1.69 as of Sunday, down nearly 98% from its all-time high of $75.35.
- Trump disclosed earning $636 million from the $TRUMP memecoin — nearly half of the $1.4 billion he reported making from crypto overall last year.
- Trump launched $TRUMP three days before his January 2025 inauguration and had previously co-founded crypto startup World Liberty Financial with his sons; its $WLFI coin has also declined significantly in value.
- The SEC under Trump ruled memecoins are not securities and dropped multiple lawsuits against crypto companies; a White House spokesperson said Trump "proudly made the United States the crypto capital of the world."
Why it matters: The asymmetry is stark: roughly 988,905 retail buyers lost $3.8 billion collectively while Trump personally pocketed $636 million from the same token — a payout enabled by SEC deregulation that treats memecoins as non-securities, shielding the venture from the disclosure and liability rules that govern traditional securities offerings.
