Nearly 1 million cryptocurrency wallets that purchased President Donald Trump's official memecoin have recorded losses totaling $3.81 billion through the end of June, according to analytics firm Nansen data reported by The New York Times on Saturday. The losses affect 988,905 of approximately 1.48 million wallets holding the Official Trump token (TRUMP), representing roughly two out of every three buyers, and include both realized losses and paper losses on tokens still held. The token traded around $1.78 on Saturday, down approximately 97% from its January 2025 peak, while gains remained concentrated among early buyers who entered below $1 in the token's first hours before it climbed toward $75 two days after launch.
Trump Memecoin Losses Reach $3.81 Billion
The $3.81 billion in combined losses fell on 988,905 wallets out of roughly 1.48 million total wallets that bought TRUMP, according to Nansen data. The losses include both realized losses from sold tokens and paper losses on tokens still held. TRUMP traded around $1.78 on Saturday, down roughly 97% from its January 2025 peak. The token's market capitalization sat near $425 million on Saturday, against nearly $15 billion at its January 2025 high.
Early Buyers Capture $4.04 Billion in Gains
Nansen found 492,285 wallets recorded profits totaling a combined $4.04 billion. These gains concentrated among buyers who entered in the token's first hours below $1, before TRUMP climbed toward $75 two days after its January 2025 launch. Across all 1.48 million wallets, gains and losses net out to approximately $236 million, according to additional Nansen figures shared with CoinDesk.
Trump Reports $636 Million Memecoin Payout
President Trump reported $636 million in income from the memecoin in his annual financial disclosure released Tuesday by the Office of Government Ethics. The 927-page disclosure listed the memecoin income as royalties flowing through CIC Digital LLC. The $236 million net gain across all TRUMP buyers represents barely a third of Trump's reported $636 million payout, meaning the memecoin generated far more money for the President than for its buyers as a group. The disclosure also showed hundreds of millions of dollars more tied to World Liberty Financial, The Block previously reported.
Trump dismissed criticism of the earnings last week, telling reporters his money is managed by outside institutions and that everyone is profiting from rising markets. White House spokesperson Anna Kelly told the Times that "President Trump proudly made the United States the crypto capital of the world" and that the administration acts in Americans' best interest. A representative for the TRUMP memecoin venture did not respond to the Times' request for comment.
World Liberty Financial Token Records $83 Million in Losses
Nansen examined WLFI, the governance token of the Trump family's DeFi project World Liberty Financial, and found 85% of the 26,663 wallets the firm tracks buying the token on secondary markets recorded losses. Total losses reached $83 million against $23 million in gains. The count excludes the 241,651 wallets that bought WLFI directly in the project's token sales. The data likely captures only a slice of total losses because most exchange activity is not publicly traceable.
WLFI traded around $0.056 on Saturday, down more than 80% since secondary trading opened last September. World Liberty spokesperson David Wachsman told the Times that broader market conditions, which have dragged down bitcoin and other cryptocurrencies, were responsible for the token's decline rather than the project itself. Bitcoin has fallen roughly 50% from the record above $126,000 it set in October.
Congress Considers Ethics Restrictions on Crypto Dealings
Congress is weighing the CLARITY Act, with Democrats pushing to attach ethics provisions restricting crypto dealings by federal officials. Sen. Kirsten Gillibrand has proposed barring elected officials and their spouses from issuing or sponsoring tokens. The provision was stripped from the GENIUS Act before its passage last July. Bloomberg estimated in January that the Trump family had amassed roughly $1.4 billion from crypto-related projects in the year since the inauguration, accounting for about one-fifth of its net worth, The Block reported at the time.
FAQ
How many wallets lost money on Trump's memecoin through the end of June?
Nearly 1 million wallets — specifically 988,905 out of approximately 1.48 million total wallets — recorded losses on the Official Trump token (TRUMP) through the end of June, according to Nansen data reported by The New York Times. Combined losses totaled $3.81 billion.
How much did President Trump earn from the memecoin compared to buyer profits?
President Trump reported $636 million in memecoin income in his annual financial disclosure released Tuesday. The net gain across all 1.48 million TRUMP buyer wallets was approximately $236 million, meaning Trump's payout was nearly three times larger than the collective profit of all buyers.
What percentage of World Liberty Financial token buyers recorded losses?
Nansen found 85% of the 26,663 wallets tracked buying WLFI on secondary markets recorded losses totaling $83 million, against $23 million in gains. WLFI traded around $0.056 on Saturday, down more than 80% since secondary trading opened last September.
