Nearly one million cryptocurrency investors have reportedly suffered heavy losses after purchasing the Trump memecoin. A new analysis by cryptocurrency research firm Nansen estimates that buyers have lost a combined $3.8 billion as the value of the $TRUMP token declined sharply.
The analysis examined publicly available blockchain transaction records. According to the findings, around 988,905 cryptocurrency accounts had recorded losses by the end of June. This means nearly two out of every three people who bought the token ended up losing money.
The Trump memecoin has experienced a dramatic fall since reaching its peak earlier this year. On Sunday, the token was trading at $1.69. This represents a decline of almost 98% from its record high of $75.35.
The token was introduced just three days before Donald Trump’s inauguration in January 2025. The launch attracted widespread attention from cryptocurrency traders and supporters, leading to a rapid increase in demand during its early days.
However, the value of the token later dropped significantly as market sentiment weakened. The decline has left many investors with substantial financial losses.
Before launching the Trump memecoin, Donald Trump and his sons co-founded the cryptocurrency company World Liberty Financial. The company’s digital token, known as $WLFI, has also lost a large portion of its value since its launch.
Despite the losses experienced by many investors, Trump’s latest financial disclosure showed strong earnings from his cryptocurrency ventures. According to the disclosure, he earned approximately $636 million from the $TRUMP memecoin.
The reported income accounted for nearly half of the more than $1.4 billion that Trump disclosed from cryptocurrency-related businesses during 2025.
The cryptocurrency market remains highly volatile, and experts continue to warn investors about the risks associated with memecoins. Unlike established cryptocurrencies, memecoins often experience sharp price swings based on public interest, online trends, and investor sentiment rather than underlying business fundamentals.
The regulatory environment has also changed under the current US administration. The US Securities and Exchange Commission (SEC) has adopted a less restrictive approach toward the cryptocurrency industry.
SEC staff have stated that typical memecoins generally do not qualify as securities under federal law. As a result, investors who buy these tokens may not receive the same legal protections available for traditional securities.
The regulator has also paused or withdrawn several investigations and legal actions involving cryptocurrency companies, reflecting a broader shift in regulatory policy.
Responding to the latest report, a White House spokesperson said that Trump had helped make the United States the “crypto capital of the world.” The statement highlighted the administration’s support for digital assets despite the significant losses reported by many investors.
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The latest figures underline the risks of investing in highly speculative digital assets. While some investors made substantial profits during the token’s early rise, many others faced major losses as the value of the Trump memecoin declined sharply over time.
