TLDR
- Approximately 988,905 TRUMP memecoin investors — representing 66% of all purchasers — experienced combined losses of $3.81 billion by June’s end
- The former president personally collected more than $630 million from the cryptocurrency while its value plummeted 97% from all-time highs
- Early sophisticated traders extracted approximately $4 billion in gains before the market collapsed
- World Liberty Financial token holders fared similarly poorly, with 85% of monitored wallets losing a collective $83 million
- Despite SEC’s 2025 decision to cease memecoin oversight, legal scholars indicate civil litigation remains a possibility
The TRUMP memecoin made its debut merely three days prior to the January 2025 inauguration. After reaching heights exceeding $73, the token now languishes at approximately $1.70 — representing a catastrophic 97% decline.
Blockchain analytics provider Nansen’s data indicates that 988,905 digital wallets — approximately 66% of all purchasers — experienced financial losses on the cryptocurrency. The aggregate losses through June 2026 reached $3.81 billion.
Trump’s financial disclosure document, made public in late June, revealed he generated over $630 million specifically from the TRUMP token. His cryptocurrency-related earnings for the year surpassed $1.4 billion in total.
Nansen characterized the situation as one where “a limited number of initial purchasers secured massive profits while the majority of retail participants bore the financial burden.” Approximately 500,000 early and experienced traders walked away with a combined $4 billion in gains.
The token’s architecture enabled Trump to generate revenue through transaction fees independent of price fluctuations. Following the launch, Trump actively promoted the cryptocurrency through multiple posts on his Truth Social platform.
Nicholas Pinto, who voted for Trump in 2024 and lost approximately half of his $500,000 investment, told the New York Times: “It is almost a legal scam.”
The White House rejected this assessment. Spokeswoman Anna Kelly stated that Trump “proudly made the United States the crypto capital of the world” and emphasized that all decisions were made “in the best interest of the American people.”
World Liberty Financial Token Holders Face Similar Fate
Nansen’s analysis extended to World Liberty Financial, a cryptocurrency venture associated with Trump and his three sons. The platform markets a token designated WLFI, initially priced at 1.5 cents before increasing to 5 cents.
Among approximately 27,000 monitored wallets, 85% registered losses amounting to $83 million. The remaining wallets generated combined profits of $23 million.
The token has declined 82% since becoming available on secondary trading platforms in September. A World Liberty representative attributed the losses to wider cryptocurrency market downturns.
Trump’s financial disclosure indicated he generated just under $800 million from the World Liberty Financial platform. A Trump-affiliated entity receives 75% of all WLFI token sales irrespective of price performance.
Legal Questions Remain Open
In February 2025, the SEC declared it would discontinue investigating memecoin transactions, potentially restricting immediate regulatory action against Trump.
The TRUMP memecoin website featured a disclaimer characterizing the token as an “expression of support” rather than an investment vehicle.
Nevertheless, NYU legal ethics professor Stephen Gillers suggested the disclaimers might not prevent future civil litigation from investors who sustained losses.
When questioned about potential conflicts of interest during a CNBC interview, Trump maintained there was “nothing illegal” and “nothing wrong” with his cryptocurrency earnings, stating that others managed his investments.
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