TRUMP Coin Crash Leaves Nearly 1 Million Buyers With $3.8B in Losses: Report

Highlights:

• Nansen data shows TRUMP losses reached $3.81 billion across nearly one million buyer wallets.
• TRUMP has dropped about 97% from its peak after a sharp post-launch rally faded.
• Trump still earned roughly $636 million through token fees and licensing royalties, disclosures showed.

Nearly one million people who bought President Donald Trump’s memecoin have lost money, with their combined losses reaching $3.81 billion. The New York Times reported the figures on July 4, using data from the crypto analytics firm Nansen. The numbers cover trading through the end of June.

NYT: Nearly 1 Million Retail Investors Lose $3.81 Billion on TRUMP Memecoin

According to a Nansen report cited by The New York Times, nearly 988,905 investors who purchased the TRUMP memecoin had lost money as of the end of June 2026, with cumulative losses totaling $3.81… pic.twitter.com/wsinpeS6Qs

— Wu Blockchain (@WuBlockchain) July 4, 2026

The digital asset, known as the Official Trump (TRUMP) memecoin, launched on the Solana blockchain on January 17. TRUMP peaked above $75 soon after launch, then slid over the following months. At the time of writing, TRUMP was trading at $1.77, down 97.64% from its all-time high of $75.35, according to CoinMarketCap.

Because so many people bought high, the losses spread across close to a million wallets. Memecoins often move this way, rising fast on hype and falling just as quickly once attention fades.

Trump Earned While Buyers Lost

While investors lost billions, Trump did not. He and his partners collected money through trading fees and their share of early coin sales, so the price never needed to rise for them to profit.

Trump’s own financial disclosure, released this week by the Office of Government Ethics, put the scale in view. The filing showed more than $1.4 billion in crypto-related income for the last year, with about $636 million coming from the TRUMP coin alone. Most of that came from royalties under a licensing deal rather than from holding the token. 

Speaking to CNBC at the White House, Trump was asked directly about his crypto dealings. “Cryptocurrency is a big deal. There’s nothing illegal. There’s nothing wrong with it,” Trump said. “I was here before. I was there before I was in office,” he added.

Gillibrand Calls for Limits on Officials’ Crypto Projects

Senator Kirsten Gillibrand, a New York Democrat, renewed her call for Congress to ban elected officials and their spouses from issuing or sponsoring digital assets, including memecoins. She said the rule should apply to the president, members of Congress, and their spouses, arguing that public officials should not be able to profit from tokens connected to their office.

“This is a commonsense requirement that should get broad bipartisan support – public officials and their spouses should not be issuing memecoins,” Gillibrand said. She added that Congress should not allow self-dealing to weaken efforts to improve consumer protection, fight illicit finance, and expand economic opportunity.

🚨NEW: Following the release of President Trump’s financial disclosures, which showed more than $600 million in income from his $TRUMP memecoin in 2025, Senator @gillibrandny has renewed her call for ethics reforms that would prohibit the president, members of Congress and their… pic.twitter.com/ZJcXt9r740

— Eleanor Terrett (@EleanorTerrett) July 3, 2026

Peter Schiff also criticized the Trump-branded tokens, saying some large buyers were not treating them as normal investments. He argued that they were buying access and attention instead. “But it’s really a way to bribe the president. You don’t have to give him money directly, just buy his token,” Schiff said.

The latest Nansen figures may strengthen calls for clearer rules around crypto projects promoted by political figures. Lawmakers and regulators are already debating how to handle digital assets, campaign-linked tokens, and investor protection.