Trump memecoin investors lose $3.8 billion, Nansen report finds

An estimated one million individuals who invested in Donald Trump's memecoin have collectively lost $3.81 billion as of the end of June, according to a report from cryptocurrency analytics firm Nansen, as cited by The New York Times.

Nansen's analysis, conducted last week, followed the release of Trump's financial disclosure, which revealed he earned $636 million from this cryptocurrency venture. This sum was part of at least $2.2 billion in earnings from all his business activities in 2025.

The blockchain's digital ledger allows analysts to track cryptocurrency transactions. Nansen's data indicates that 988,905 buyers of the $TRUMP memecoin had lost money by late June. This figure represents about two-thirds of all purchasers, the NYT reported.

“

The odds were always in his favor. Mr. Trump won whether the price of his memecoin went up or down. He collected profits every time someone exchanged the tokens, as he repeatedly urged his followers to do, using his Truth Social account to promote the cryptocurrency.

These wallets have incurred total losses of $3.81 billion, encompassing both those who bought, saw losses, and sold, as well as those who have not sold and are currently holding accounting losses, according to Nansen. The memecoin was trading at $1.76 on Friday, a 97% decrease from its all-time high of $75.35.

Trump's increased activity in digital currencies began in 2024 during his presidential campaign. He and his sons established the cryptocurrency company World Liberty Financial, which also sold a memecoin, $WLFI, that has since lost value. The $TRUMP memecoin was launched shortly before his presidential inauguration. The New York Times commented that Trump profited regardless of the memecoin's price fluctuations, earning fees each time tokens were exchanged, a practice he actively encouraged through his Truth Social account.

“

President Trump proudly made the United States the cryptocurrency capital of the world.