US President Donald Trump's promoted memecoin $TRUMP collapsed in price, causing massive investor losses. On the 4th (local time), the New York Times reported citing Nansen that 988,905 investors — two-thirds of buyers — recorded $3.81 billion in losses as of last month. The coin surged to $75.35 before falling to $1.76. The situation of a president promoting a utility-lacking memecoin and extracting profits has stirred markets.
Nansen Reports Two-Thirds of $TRUMP Investors Record Losses
On the 4th (local time), the New York Times cited a Nansen report showing 988,905 investors — representing two-thirds of $TRUMP memecoin buyers — recorded losses as of last month. Total losses reached $3.81 billion, including unrealized paper losses. Fewer than 500,000 investors profited from $TRUMP, earning a combined $4 billion. The memecoin price peaked at $75.35 before dropping to current levels around $1.76.
Trump Discloses $636 Million Income from $TRUMP Coin Business
The Nansen report was released after Trump's annual financial disclosure through the Office of Government Ethics (OGE) on the 30th of last month. Trump reported securing $636 million from the $TRUMP coin business alone. Including other cryptocurrency ventures, the Trump family's 2024 cryptocurrency business income totaled $2.2 billion.
Trump Promoted $TRUMP on Truth Social Despite Lack of Utility
Trump launched $TRUMP memecoin and posted on Truth Social emphasizing it as the only official memecoin, urging followers to "GET YOUR $TRUMP NOW!" despite the coin having no practical use cases. The profit structure favored Trump — while regular investors profit only when coin prices rise, the Trump family's structure generated revenue from trading activity regardless of price movements. The New York Times noted Trump profited whether the memecoin price rose or fell, as he repeatedly encouraged followers to trade on Truth Social and funds flowed to him with each transaction.
Trump Family Expands Cryptocurrency Business Operations
Trump was previously skeptical of cryptocurrency but changed his position when running in the 2024 presidential election. Trump's son established a cryptocurrency startup named World Liberty Financial (WLFI) with partners, selling a coin called $WLFI. Trump earned $799 million from WLFI in 2024.
FAQ
What losses did $TRUMP memecoin investors experience?
According to Nansen data cited by the New York Times on the 4th (local time), 988,905 investors — two-thirds of $TRUMP buyers — recorded total losses of $3.81 billion as of last month, including unrealized paper losses.
How much did Trump earn from $TRUMP memecoin?
Trump disclosed through the Office of Government Ethics on the 30th of last month that he secured $636 million from the $TRUMP coin business. Including other cryptocurrency ventures, Trump family's 2024 cryptocurrency income totaled $2.2 billion.
How did Trump's $TRUMP profit structure differ from regular investors?
Regular investors profit only when coin prices rise, but the Trump family's structure generated revenue from trading activity regardless of price movements. The New York Times reported Trump profited whether the memecoin price rose or fell, as funds flowed to him with each transaction his followers made on Truth Social.
