Approximately 1 million buyers of U.S. President Donald Trump’s meme coin, Official Trump (TRUMP), lost a total of $3.8 billion in the token as of the end of June, according to a newly reported analysis.
The New York Times, citing a report from the analytics firm Nansen, reported on Saturday that as of late last month, 988,905 Trump buyers, or about two in three buyers, had lost money on meme coins.
These buyers lost a total of $3.81 billion, including those who continued to hold the tokens at a loss.
The report comes days after President Trump’s annual financial disclosure released on Tuesday revealed that Trump earned more than $1.4 billion in income from crypto-related businesses last year, raising new concerns about his crypto transactions during his presidency.
Just under 500,000 wallets reportedly recorded a total of $4 billion in profits on the token, reflecting “a small number of early purchasers reaping huge profits while the majority of retailers absorbed losses,” it said.
Trump posted to X on January 18th about his new private label meme coin. sauce: donald trump
Nearly 1,000 pages of disclosures show Trump made more than $630 million from the TRUMP meme coin, while all token buyers combined had a net profit of about $200 million.
Trump launched the memecoin days before his re-election in January 2025, and the token quickly peaked at more than $73. It has since fallen over 97% and is currently trading at $1.70, according to CoinGecko.
World Liberty Financial token buyers are also likely to lose out
Nansen also analyzed World Liberty Financial (WLFI), a token tied to the cryptocurrency trading platform of the same name that Trump and his three sons are listed as co-founders.
WLFI was first sold directly to investors for 1.5 cents, and then for 5 cents. Nansen said that while those who bought WLFI for 5 cents probably made a small profit, 85% of the roughly 27,000 wallets tracked by the company recorded losses totaling $83 million, while the remaining wallets made a total profit of $23 million.
Nansen said there could be more investors who lost money on the token because other buyers bought WLFI on exchanges where the data is not publicly available. The token was made available to the public through secondary exchanges in September.
Related: Senate Democrats call for investigation into $500 million in cryptocurrency transactions between President Trump and the UAE
Meanwhile, Trump’s financial disclosures show he earned just under $800 million from World Liberty Financial Platform last year, with Trump-linked companies collecting 75% of WLFI’s sales, regardless of price.
In an interview with CNBC on Thursday, President Trump dodged questions about what appeared to be a conflict of interest, saying there was “nothing illegal” or “wrong” in the cryptocurrency profits he disclosed, and asserting that others were responsible for his investments.
magazine: President Trump’s crypto venture raises conflicts of interest and insider trading issues
