Almost 1 million individuals have misplaced a complete of $3.8 billion after shopping for President Donald Trump’s $TRUMP memecoin, in line with cryptocurrency analytics agency Nansen.
The New York Occasions reviews that Nansen’s evaluation relies on transactions which might be publicly seen on the blockchain, exhibiting that 988,905 accounts had misplaced cash on the memecoin as of the tip of June. That represents round two out of three $TRUMP consumers.
On Sunday, $TRUMP was buying and selling at $1.69, down practically 98% from its excessive of $75.35.
Trump introduced the memecoin three days earlier than his inauguration in 2025. He’d beforehand co-founded a crypto startup, World Liberty Monetary, together with his sons. The $WLFI coin has additionally declined considerably in worth.
In a latest monetary disclosure, the president revealed that he made $636 million from the $TRUMP memecoin, accounting for practically half of the $1.4 billion that the president made out of the crypto business final 12 months.
Below the Trump administration, the Securities and Change Fee has mentioned it won’t regulate memecoins as securities and has dropped plenty of lawsuits in opposition to crypto firms. A White Home spokesperson instructed the NYT, “President Trump proudly made the USA the crypto capital of the world.”
