Trump’s Official Memecoin Generated $636M as Investors Lost $3.8B

President Donald Trump’s official memecoin has generated a reported $636 million payout for him while nearly one million investors collectively lost $3.81 billion, according to newly analyzed blockchain data and financial disclosures.

Trump Memecoin Generated Millions Despite Investor Losses

According to a report by The New York Times and blockchain analytics firm Nansen, the number of wallets that had lost a total of $3.81 billion in Official Trump (TRUMP) memecoin holdings as of the end of June stood at 988,905. This figure also reflects realized losses by investors who’ve already sold their tokens as well as unrealized losses for investors who haven’t sold their tokens yet.

The findings came after Trump’s 2025 financial disclosure, where he was found to have received a $636 million payout tied to the TRUMP memecoin. The filing also revealed at least $1.4 billion in crypto-related income over the reporting period, mostly from World Liberty Financial (WLFI) licensing agreements related to the memecoin and token sales promoted by Trump.

The reports say that Trump made money from any kind of trading activity, whether there was a price change or not. However, there have been recent reports of Trump denying certain crypto earnings. In January, he was promoting the memecoin on Truth Social and urging people to purchase it to gain access to his community.

The token has been down since it was released three days before Trump’s swearing-in ceremony. Nansen closed at about $1.76 Friday, down about 97% from its high of $75.35.

Retail Investors Suffered While Early Traders Profited

He discovered that about two-thirds of the buyers of TRUMP tokens lost money, and fewer than 500,000 wallets made a total of approximately $4 billion in combined profits, primarily by capturing and retaining gains by the early investors and seasoned traders who sold when the price of TRUMP was appreciating.

One investor who spoke to The New York Times, Nicholas Pinto, who voted for Trump in 2024, said he put in some $500,000 in the TRUMP token and estimated that he had sunk about half that sum. Buyers had come to trust Trump’s public stance, Pinto said, and it was “almost a legal scam.”

In the meantime, Nansen revealed that 85% of its 26,663 WLFI wallets were underwater as well, with losses estimated at an aggregate of $83 million, versus approximately $23 million in profits.

WSJ: “Nansen’s analysis of 26,663 wallets shows that 85% of World Liberty’s $WLFI token buyers in the secondary market are underwater.”

Trump cares so much about his supporters. That’s the secret to his appeal. The regular guy who was left behind finally feels heard pic.twitter.com/8W0ITEaGcn

— Richard Hanania (@RichardHanania) July 2, 2026

The financial disclosures are stirring up political debate in Washington. While Congress is considering the CLARITY Act, Senator Kirsten Gillibrand called for a prohibition on the creation and promotion of cryptocurrency memecoins by government officials and their spouses. Trump, on the other hand, backed up his crypto businesses, stating that there’s nothing wrong with making money off digital assets.

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