Trump's Memecoin Cost its Buyers $3.81 Billion

Nearly one million TRUMP wallets show cumulative losses of 3.81 billion dollars by the end of June, according to Nansen. However, President Trump received 636 million dollars thanks to this same token, reveals his annual financial statement. The distribution of gains nevertheless clearly leans to one side.

Losses concentrated among the most recent buyers

Out of 1.48 million wallets having purchased the TRUMP token, 988,905 show losses by the end of June. This total also includes unrealized losses on tokens still held.

The very first buyers hold most of the gains. They entered below the dollar mark, before the token surged to 75 dollars two days later.

On all wallets combined, gains and losses almost balance out. The net balance reaches about 236 million dollars.

This amount represents barely one third of the 636 million declared by Trump. These figures come from a report by The Block.

Why does Trump’s financial declaration rekindle the controversy?

The 927-page asset declaration details the origin of these revenues. Published on June 30 by the Office of Government Ethics, it lists payments passing through CIC Digital LLC.

These amounts add, moreover, to hundreds of millions of dollars linked to World Liberty Financial. This decentralized finance project is partly owned by the Trump family.

Donald Trump has, however, already dismissed criticisms regarding these revenues. He claims that external institutions manage his money, for the benefit of the entire crypto sector.

White House spokesperson Anna Kelly defends this record. She asserts that the administration acts in the interest of Americans.

The WLFI token, linked to the same project, shows a similar record. Nansen tracks 26,663 wallets that have bought WLFI on secondary markets.

Among them, 85% are at a loss. These losses reach 83 million dollars versus 23 million dollars in gains.

The broader crypto market downturn also amplifies this contrast. Bitcoin has dropped about 50% since its October record above 126,000 dollars, bringing the market capitalization of the TRUMP token to 425 million dollars, compared to nearly 15 billion at its peak in January 2025.

This decline occurs as Congress reviews the CLARITY Act. Senator Kirsten Gillibrand is pushing to ban elected officials from issuing tokens, a provision already dropped from the GENIUS Act when it was adopted last year.

This contrast between presidential revenues and losses of small holders continues to fuel criticism of crypto regulation issued by public officials, a topic Congress has yet to decide on.