Nearly 1 Million TRUMP Memecoin Holders Lose $3.8 Billion as Trump Gains $630 Million

Nearly 1 million holders of President Donald Trump’s memecoin, Official Trump (TRUMP), have posted combined losses of $3.8 billion.

Cointelegraph reported on July 5, citing a New York Times article based on a report from blockchain analytics firm Nansen, that 988,905 Official Trump buyers were sitting on losses as of late June. That means about two out of every three buyers were underwater.

Nansen said the token’s structure left most retail investors with losses while a small group of early buyers reaped outsized profits. About 500,000 wallets were in profit, with combined gains totaling $4 billion.

Trump himself earned more than $630 million from the Official Trump memecoin. His annual financial disclosure released this week also showed that he generated more than $1.4 billion last year from crypto-related businesses overall. The figures are reviving debate over potential conflicts of interest tied to a sitting president’s crypto ventures.

Official Trump was launched in January 2025, just before Trump’s return to office, and climbed above $73 shortly after its debut to reach its peak. It has since fallen more than 97% and was trading at $1.70, according to CoinGecko.

Nansen also analyzed the token of World Liberty Financial, or WLFI, the crypto platform co-founded by members of the Trump family. Of roughly 27,000 wallets tracked by the firm, 85% were at a loss, with total losses reaching $83 million. By contrast, Trump disclosed that he made about $800 million last year from the World Liberty Financial platform alone.

Trump told CNBC there was “nothing illegal and nothing wrong” with the conflict-of-interest criticism, adding that other people handle the investment decisions.