An analysis by cryptocurrency analytics firm Nansen recently revealed staggering losses for nearly one million followers of former President Trump who invested in his memecoin. As of the end of June, these investors collectively faced losses estimated at $3.81 billion. The firm’s findings come on the heels of Trump’s annual financial disclosure, which indicated that he personally realized a $636 million profit from the same crypto investments, contributing to a broader income report of at least $2.2 billion from his various business endeavors in 2025.
Trump’s foray into the cryptocurrency sphere, which began as a skepticism, appears to have transformed into a profitable venture for him, particularly during his 2024 presidential campaign when he and his sons launched the cryptocurrency startup World Liberty Financial. The firm introduced a coin named $WLFI, though this too has seen a sharp decline in value.
Just three days prior to his inauguration, Trump promoted another venture: the $TRUMP memecoin, marketed primarily as a novelty asset. His promotional messages on social media urged followers to join “his very special Trump community” and invest in the coin. However, these promotions have led to substantial financial losses for many of his supporters. According to Nansen, approximately 988,905 wallets containing the $TRUMP memecoin witnessed financial declines, indicating that about two-thirds of all buyers are in the red. The token has plummeted from a peak price of $75.35 to just $1.76.
One investor, Nicholas Pinto, shared his disappointment after investing around $500,000 in the $TRUMP coin, now watching almost half of his investment vanish. Pinto criticized Trump for leveraging his presidential stature to launch cryptocurrencies that have not provided real value for many, calling it “kind of incredible” and describing it as “almost a legal scam.”
Despite these criticisms and significant investor losses, the White House dismissed claims that Trump has profited at the expense of his followers. White House spokeswoman Anna Kelly asserted that Trump’s administration aimed to bolster the U.S. economy by positioning the nation as a leader in cryptocurrency.
Unfortunately for the average investor, a select group of sophisticated crypto traders managed to capitalize on the $TRUMP coin’s brief surge. After its launch, the coin skyrocketed to over $70, allowing these traders to reap significant profits while the remaining investors sustained heavy losses. Nansen identified around 500,000 crypto wallets that recorded profits totaling approximately $4 billion. However, this success was concentrated among a small number of early investors.
Meanwhile, the financial outcomes from Trump’s other ventures in the cryptocurrency market have not been any more favorable. While World Liberty has faced losses, it also ensured profits for Trump through fee structures that guaranteed payments regardless of market performance. In the case of the $WLFI coin, losses have been particularly challenging to quantify, with 85 percent of wallets tracked reporting declines.
Despite this volatile landscape, Trump continues to navigate the crypto world with minimal repercussions, in part due to a regulatory environment that has become increasingly lenient. Legal experts suggest that Trump and his affiliates might encounter future legal challenges, specifically lawsuits from disappointed investors, especially considering that the SEC has eased its scrutiny of memecoins.
As the $TRUMP site itself cautioned, the coin should not be viewed as a serious investment opportunity but rather as a means of expressing support for the Trump brand. However, critics argue that these statements do not absolve Trump of responsibility toward the many who invested their money with the expectation of profit. As experts speculate about potential future liabilities, they also note that Trump’s decades-long track record as a businessman has often involved appealing to the hopes and dreams of his supporters.
