Trump Supporters Face Huge Cryptocurrency Losses

The most recent figures about supporters of Trump who have invested in cryptocurrency paint a grim picture. According to a report from Nansen, a crypto analytics firm, close to 1 million individuals who purchased President Trump’s meme coins experienced significant losses by the end of June, totaling around $3.81 billion.

This assessment emerged in the weeks following Trump’s inauguration. Annual financial disclosures indicated he had wrapped up payments amounting to $636 million related to the same cryptocurrency ventures, contributing to what is expected to be at least $2.2 billion in revenue from all his business activities by 2025.

From the outset, the odds seemed to favor Trump. He stood to gain from the fluctuating prices of meme coins. Leveraging his Truth Social account, he actively promoted the coins, consistently urging his followers to participate, thereby profiting from every transaction involving the tokens.

Initially skeptical, Trump fully embraced cryptocurrency revenue prospects as part of his 2024 presidential campaign. In collaboration with his sons, he launched a cryptocurrency startup named World Liberty Financial, which introduced a coin called $WLFI that quickly lost value.

Just three days before his inauguration, Trump unveiled another investment initiative: the $TRUMP meme coin, a speculative currency with minimal real-world application. He proclaimed on social media, “Let’s celebrate everything we stand for: victory! Join my special Trump community and grab your $TRUMP now!” In hindsight, this advice has not fared well.

Most transactions in the cryptocurrency realm are publicly accessible via a digital ledger known as the blockchain, allowing analysts to monitor digital coin purchases through individual accounts called wallets. By the end of June, Nansen’s data pointed out that approximately 988,905 purchasers of the $TRUMP meme coin had incurred losses, a staggering figure representing about two-thirds of all buyers.

According to Nansen, those nearly one million wallets had collectively lost $3.81 billion, encompassing individuals who had opted to hold onto their coins despite downturns, leading to documented paper losses. As of Friday, the coin was trading at $1.76, down from an all-time high of $75.35, marking a downturn of 97%.

Nicolas Pinto, a regular crypto trader and a Trump voter, shared his own experience. He invested around $500,000 in the $TRUMP coin but now finds that he’s lost about half of that. “He uses the trust perceived from his presidency to issue currency,” Pinto noted in an interview. “It’s unbelievable. It feels almost fraudulent.”

In response to the situation, the White House denied any claims that Trump was profiting at the expense of his supporters. Despite arriving in office, Trump and his administration have actively diminished regulatory oversight in the cryptocurrency sector.

“President Trump has proudly made the U.S. the crypto capital of the world,” stated White House press secretary Anna Kelly following the annual financial report. “Every action taken by the President and his team aims to benefit the American people.”

As for the representatives of the $TRUMP Meme Coin venture, there was no response to requests for comment. David Waxman, representing World Liberty, attributed the significant decline in WLFI’s value to broader market trends affecting Bitcoin and similar cryptocurrencies.

“Nobody can control the market,” he stated. “World Liberty supports the governance token WLFI, which has gained utility within a growing ecosystem since it started.”

Interestingly, Trump wasn’t the only one benefiting from the $TRUMP coin; after its launch, the price surged from under $1 to over $70, allowing savvy traders to capitalize substantially.

Such traders, often utilizing automated systems for purchasing crypto, understand that meme coins tend to rapidly inflate in value before collapsing. This happens as early adopters sell their assets to slower and less experienced investors eager to join the hype.

Nansen reported that under 500,000 crypto wallets tracked have shown profits from the $TRUMP coin, amounting to $4 billion. However, the report also emphasized that these figures predominantly illustrated a select group of early investors capitalizing on significant gains while many regular buyers absorbed heavy losses.

The $TRUMP meme coin was just one facet of several crypto operations that proved lucrative for Trump and his partners. His financial reports disclosed substantial earnings from World Liberty, which reached $799 million in the previous year, including many millions from the UAE, which discreetly acquired nearly half of the company in early 2025.

Tracking losses for the World Liberty coin is more complex. Nansen asserted that the coin was initially offered to investors at prices between $0.015 and $0.05. Those who bought in at the higher end managed to turn a small profit, though it wasn’t until September, when it became available on secondary markets, that it gained wider exposure.

Many transactions remain untraceable. Of the 26,663 wallets monitored by Nansen, about 85% reported losses, aggregating to total losses of $83 million against $23 million in profits.

Nevertheless, some buyers procured their coins through exchanges where public data isn’t accessible, implying this may just be a fraction of the overall financial shortcomings. Currently, the World Liberty coin has dropped around 82% since September, trading at $0.057.

With federal regulators stepping back from enforcing crypto regulations, Trump’s business endeavors have seemingly remained unaffected, even amid rising prices. Law and ethics professor Stephen Gillers from New York University expressed that he wouldn’t be surprised if Trump and his associates faced class-action lawsuits from investors experiencing losses, despite the SEC’s 2025 announcement stating they would no longer scrutinize meme coin transactions.

The $TRUMP meme coin site itself warned potential buyers not to view the tokens as investment opportunities, clarifying that the purpose was to symbolize support for the ideals associated with the ‘$TRUMP’ emblem and its related artwork.

Yet, Gillers suggested that this disclosure likely won’t stave off future legal repercussions, which may only arise after Trump departs from office. “In his past as a real estate developer, Trump boasted about leveraging people’s fantasies,” he remarked. “In this scenario, he appears to have urged supporters to invest with the promise of wealth while potentially investing his own money.”