Key facts
- Nearly one million investors lost $3.8 billion on the $TRUMP memecoin.
- The $TRUMP memecoin has fallen 98% from its peak trading price.
- President Trump reported earnings of $636 million from the $TRUMP memecoin.
- The Securities and Exchange Commission under the Trump administration has stated it will not regulate memecoins as securities.
Nearly one million individuals have collectively lost approximately $3.8 billion after investing in the $TRUMP memecoin, according to an analysis by cryptocurrency analytics firm Nansen. The report, cited by The New York Times, indicates that 988,905 accounts experienced financial losses on the memecoin as of the end of June, representing about two-thirds of all $TRUMP buyers.
As of Sunday, the $TRUMP memecoin was trading at $1.69, a significant drop of nearly 98% from its peak value of $75.35. President Donald Trump announced the memecoin three days prior to his inauguration in 2025. He had previously been involved in the crypto industry, co-founding World Liberty Financial with his sons, whose $WLFI coin has also seen a substantial decline in value.
In a recent financial disclosure, President Trump reported earnings of $636 million from the $TRUMP memecoin, which constituted nearly half of his $1.4 billion in earnings from the crypto industry last year. The Securities and Exchange Commission, under the Trump administration, has indicated it would not regulate memecoins as securities and has ceased several lawsuits against crypto companies. A White House spokesperson told The New York Times that "President Trump proudly made the United States the crypto capital of the world."