President Donald Trump’s cryptocurrency venture has reportedly generated hundreds of millions of dollars, but many of his supporters seem to be facing significant losses. A recent report indicates that out of the 1.48 million wallets that were purchased following the launch of the $TRUMP meme coin, around 988,905, or about 66%, had lost money by the end of June. Altogether, these losses totaled approximately $3.81 billion, based on data from the blockchain analysis firm Nansen.
The scale of these losses is notable, especially considering that Trump had touted substantial profits from tokens showcasing his likeness and the phrase “Fight, Fight, Fight,” which referred to an incident surrounding the 2024 assassination attempt on a political figure in Pennsylvania. According to his recent financial disclosures, Trump claimed to have made $636 million from the $TRUMP meme coins alone.
Two of his companies, CIC Digital and Fight Fight Fight LLC, reportedly own about 80% of the token supply. It appears that Trump profits from transaction fees each time someone buys or sells the coins. This gives him a unique advantage, allowing him to profit regardless of whether the coin value increases or decreases.
Trump leveraged his large social media presence to promote the coin, announcing its launch on platforms like X and Truth Social last January. He described it as an opportunity to celebrate the values of his community.
However, for many supporters who invested in this token, the outcomes have not been as favorable as anticipated.
Trump Coin
The $TRUMP coin is categorized as a meme coin, implying that its value isn’t fundamentally tied to anything specific, making it subject to significant price fluctuations. For instance, just recently, the coin was trading at $1.68, a steep decline of 97% from its peak of $75.35.
Even though the coin’s website states it’s not intended as an investment opportunity—rather an expression of support—many investors held out hope for a price increase during Trump’s term.
While retail investors have experienced major losses, Trump himself—who once expressed skepticism about cryptocurrencies—seems to be quickly building a substantial crypto business within his financial portfolio. His recent financial documents, required by the U.S. Office of Government Ethics, show that his cryptocurrency-related income was around $1.4 billion last year, making up a large part of his earnings since returning to public office.
In addition to profits from the $TRUMP coin, his companies received $799 million from World Liberty Financial, a cryptocurrency startup co-founded with his sons. This amount includes around $250 million earned from selling an interest in the venture, along with over $520 million from another token deal. However, that token has also seen a decline of more than 80% from its high.
According to Nansen’s findings, fewer than 500,000 individuals actually made money from the Trump memecoin, accumulating profits of around $4 billion. Yet, these gains mostly came from early investors accessing the coin’s trading during its initial rise before it plummeted. The report highlights that the profitable group comprised a limited number of early buyers, while most retail investors bore losses.
This pattern is fairly common with meme coins; early adopters typically benefit from price surges, while later investors often find themselves at a loss.
The White House press secretary, responding to inquiries, indicated that Trump had no involvement in business decisions related to the coin and asserted that neither he nor his family has engaged in any conflict of interest.
As of now, the White House has not provided a follow-up comment on the matter.
