Trump Memecoin Investors Lose $3.8 Billion, President Earns $636 Million

Nearly one million people have lost a combined $3.8 billion after buying US President Donald Trump’s $TRUMP memecoin, according to an analysis by cryptocurrency firm Nansen.

The New York Times reported that Nansen based its findings on transactions recorded publicly on the blockchain. The analysis found that 988,905 accounts had lost money on the token by the end of June. That represents roughly two out of every three buyers.

Token Loses Nearly All Its Value

On Sunday, $TRUMP was trading at $1.69, nearly 98% below its record high of $75.35. Trump announced the memecoin three days before his inauguration in January 2025.

Before launching $TRUMP, Trump co-founded cryptocurrency company World Liberty Financial with his sons. The company’s $WLFI token has also fallen significantly in value.

Trump Reports $636 Million Income

Trump’s latest financial disclosure showed that he made $636 million from the $TRUMP memecoin.

That amount accounted for nearly half of the more than $1.4 billion in income he reported from cryptocurrency ventures during 2025.

SEC Reduces Crypto Oversight

Under the Trump administration, the US Securities and Exchange Commission has taken a less restrictive approach toward the cryptocurrency industry.

SEC staff said transactions involving typical memecoins do not represent the sale of securities under federal securities laws. As a result, memecoin buyers do not receive protections under those laws.

The regulator has also dropped or paused several legal cases and investigations involving cryptocurrency companies.

Responding to the report, a White House spokesperson told The New York Times that Trump had made the United States the “crypto capital of the world.”