Key Takeaways – Nearly 989,000 wallets have collectively lost $3.81 billion on the TRUMP memecoin, according to blockchain analytics firm Nansen. – After peaking above $75 shortly after launch, the memecoin now trades around $1.65, erasing nearly all of its early gains. -…
esident Donald Trump’s financial disclosure showed he received approximately $636 million from the TRUMP memecoin venture. The collapse of President Donald Trump’s official memecoin has wiped out billions of dollars in investor wealth, according to new blockchain data from analytics firm Nansen
Nearly one million wallets that purchased the TRUMP token have collectively lost an estimated $3.81 billion, highlighting the risks of speculative memecoins even when backed by one of the world’s most recognizable political figures. The token, which launched just days before Trump’s inauguration, briefly became one of the hottest assets in crypto, soaring from under $1 to more than $75. However, the rally proved short-lived.
As of July 7, TRUMP trades around $1.65, roughly 98% below its all-time high, leaving the vast majority of retail investors deep underwater. While many traders suffered heavy losses, the project’s creators and a small group of early investors generated substantial profits, underscoring the uneven wealth distribution that often accompanies high-profile memecoin launches. Nearly One Million Wallets Record Billions in Losses According to Nansen’s latest analysis, 988,905 crypto wallets that bought the TRUMP token have recorded losses through the end of June.