Blockchain analytics data indicates that nearly one million people have collectively lost $3.8 billion after buying President Trump’s memecoin, $TRUMP. This figure is based on an analysis from the blockchain analytics firm Nansen and was first reported by the New York Times.
As of the end of June, Nansen’s data revealed that 988,905 accounts had experienced financial losses on the memecoin. These losing buyers represent approximately two out of every three participants who acquired $TRUMP.
At the time of reporting, the $TRUMP coin was trading around $1.69–$1.76. This price represents a significant decline, falling nearly 98% from its all-time high value of $75.35.
The memecoin’s launch occurred three days prior to Trump’s scheduled 2025 inauguration. Prior to this coin, Trump had co-founded the crypto venture World Liberty Financial with his sons; that associated token, $WLFI, has also seen a sharp drop in value.
Regarding personal finances related to the cryptocurrency market, Trump’s own financial disclosure showed that he personally generated $636 million from the $TRUMP coin. This amount constitutes nearly half of the total $1.4 billion he made from crypto overall last year.
The regulatory environment for memecoins has been noted in connection with the administration. The SEC, under the Trump administration, has stated that it will not regulate memecoins as securities and has reportedly dropped several lawsuits against various crypto firms. A White House spokesperson conveyed that “President Trump proudly made the United States the crypto capital of the world.”
However, additional context provided by CoinDesk added nuance to the aggregate financial picture. Citing Nansen data directly, CoinDesk reported the $3.81 billion loss figure across 988,905 wallets out of the total 1.48 million wallets that have purchased the memecoin since its January 2025 launch.
CoinDesk also noted that 492,285 wallets were reported to be in profit, with gains amounting to $4.04 billion. This profitable gain was concentrated among early buyers. When considering both the losses and the gains across all wallets, the net result suggests that profits and losses roughly offset each other, resulting in an approximate total of $236 million.
This core data set detailing the losses ($3.8B), number of underwater wallets (~989,000), and Trump’s personal earnings ($636M) has been consistently corroborated by multiple independent outlets, including CoinDesk, Mediaite, and others, all referencing the same Nansen dataset. The reporting suggests that these figures are well-sourced and verified across various media platforms.