Almost a million people who bought Donald Trump’s Official Trump (TRUMP) memecoin are sitting on losses totaling $3.8 billion. That’s according to new data from analytics firm Nansen, cited by the New York Times.
Roughly two out of every three TRUMP buyers lost money. About 989,000 wallets are in the red. Some of them are still holding the token at a loss, hoping for a rebound that hasn’t come.
The token launched just days before Trump took office in January 2025. It peaked above $73. Today it trades around $1.70. That’s a 97% drop.
Not everyone lost. Nansen says about 470,000 wallets actually profited, pulling in $4 billion combined. But here’s the catch — most of those gains went to early buyers who got in before the crowd. The firm describes it as “a small number of early buyers capturing enormous gains while the broad retail majority absorbed the losses.”
Trump’s annual financial disclosure, released Tuesday, showed he personally made over $630 million from the TRUMP token. Combined with his World Liberty Financial earnings, his crypto income topped $1.4 billion last year — more than his real estate earnings. The disclosure also revealed that a Trump-affiliated business collects 75% of all WLFI token sales, regardless of price.
Nansen also looked at World Liberty Financial’s WLFI token. Of the 27,000 wallets tracked, 85% recorded losses totaling $83 million. A small group profited $23 million. The real number of losers is probably higher since public data only covers on-chain activity.
When CNBC asked Trump about conflicts of interest, he said there was “nothing illegal” and “nothing wrong” with his crypto profits, claiming other people handle his investments.
