Trump Memecoin Crash Wipes Out $3.8B From Retail Buyers, Nansen Data Shows
- Nansen found 988,905 $TRUMP buyers lost $3.81B as retail exposure deteriorated fast.
- $TRUMP fell 97% from its $75.35 peak as late buyers carried severe market losses.
- Trump disclosed $636M from $TRUMP amid $1.4B in wider crypto earnings last year.
Nearly one million $TRUMP memecoin buyers lost $3.81 billion by the end of June, according to Nansen data reported by The New York Times. The analysis found that 988,905 wallets recorded losses, equal to roughly two out of every three buyers.
Analytical Data Displays Heavy Retail Losses
Nansen based its analysis on transactions visible on the blockchain, where crypto purchases and wallet activity can be tracked publicly. The data covered accounts that bought President Donald Trump’s $TRUMP memecoin. According to the report, those 988,905 wallets lost money either through realized losses or paper losses. Some buyers still held their tokens as the coin traded far below its peak.
The $TRUMP coin traded at $1.76 on Friday, down 97% from its peak of $75.35. That sharp decline came after the token launched three days before Trump’s inauguration in 2025.
Trump Reports $636M From $TRUMP Coin
Trump’s recent financial disclosure showed that he made $636 million from the $TRUMP memecoin. That amount accounted for nearly half of the $1.4 billion he made from the crypto industry last year.
Trump had also co-founded World Liberty Financial with his sons before the memecoin launch. Its $WLFI token has also fallen sharply in value, according to the text cited in the report. The central question now is simple: who gained while nearly one million wallets recorded losses?
The New York Times also reported that a little under 500,000 wallets recorded $4 billion in profits from $TRUMP. Nansen said that figure reflected early buyers capturing large gains while most retail buyers absorbed losses.
Related: Trump Crypto Fortune Tops $1.4B as Political Backlash Grows
White House Rejects Claims Of Harm
Nicholas Pinto, a frequent crypto trader who voted for Trump in 2024, told The New York Times he invested about $500,000 in $TRUMP. He said he has lost about half that amount. Pinto said Trump appeared trustworthy to the public while launching currencies. He described the situation as “almost a legal scam” in his interview with the newspaper.
The White House rejected any suggestion that Trump gained at the expense of his followers. Anna Kelly, a White House spokesperson, said Trump “proudly made the United States the crypto capital of the world.” Kelly also said all actions by Trump and his administration serve the interests of the American people. A representative for the $TRUMP memecoin venture did not respond to a request for comment.
David Wachsman, a spokesperson for World Liberty, linked the decline in $WLFI to broader market pressure across crypto assets. “No one can control the markets,” he said. Wachsman added that World Liberty stood behind WLFI as a governance token.
He said the token had gained utility in a growing ecosystem since launch. Under the Trump administration, the Securities and Exchange Commission said it would not regulate memecoins as securities. It also dropped several lawsuits against crypto companies.
Research shows that the $TRUMP memecoin left most buyers nursing steep losses while early traders and Trump recorded major gains. The figures add scrutiny to Trump’s crypto ventures as regulators under his administration ease pressure on the industry. For retail investors, the episode shows how fast-moving meme coins can shift profits upward and leave late buyers badly exposed again.
