Nearly one million investors who bought President Trump’s official TRUMP (CRYPTO: TRUMP) meme coin have collectively lost $3.81 billion, according to an investigation by blockchain analytics firm Nansen.
$3.81 Billion Loss Vs. $636 Million Profit
Nansen found that 988,905 wallets, constituting around two thirds of all TRUMP buyers, were underwater through the end of June 2025.
Meanwhile, fewer than 500,000 wallets generated profits totaling roughly $4 billion.
Nansen noted those gains were concentrated among a relatively small group of early buyers who benefited before the token’s sharp decline.
The report follows the President’s annual financial disclosure, which showed he earned approximately $636 million from the meme coin project in 2025.
Trump and affiliated entities generated revenue through trading fees, allowing them to profit regardless of whether the token’s price rose or fell.
TRUMP was launched three days before the 2025 presidential inauguration and has fallen about 97% since reaching an all-time high of $75.35.
Retail Vs. Sophisticated Traders
As cited by The New York Times on July 4, the Nansen report underscores the widening gap between sophisticated traders and retail investors in the meme coin market.
The analytics firm said early participants, many using automated trading strategies, captured outsized gains during the token’s initial surge, while later retail buyers absorbed most of the subsequent losses.
The White House rejected suggestions that Trump profited at the expense of investors.
“President Trump proudly made the U.S. the crypto capital of the world,” White House spokeswoman Anna Kelly told The New York Times.
“All actions by President Trump and his administration are taken in the best interest of the American people.”
Benzinga has reached out to the White House with request for comment.
Image: Shutterstock
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