Nearly one million investors who bought the cryptocurrency launched under the name of U.S. President Donald Trump have collectively suffered losses of approximately $3.8 billion, according to a recent report by crypto analytics firm Nansen.
Citing data from The New York Times, Nansen analyzed publicly available blockchain transaction records and found that, by the end of June, 988,905 wallets or accounts holding Trump’s meme coin were in a loss position. This means that nearly two out of every three buyers of the token experienced financial losses.
On Sunday, the market price of the Trump meme coin fell to $1.69. The token had previously reached an all-time high of $75.35, meaning its value has dropped by nearly 98 percent from its peak.
Trump announced the launch of the meme coin just three days before he was sworn in as president in 2025. Earlier, he and his sons had also launched a crypto-based startup called World Liberty Financial. However, the company’s WLFI token also saw a significant decline in value later.
In a recently released financial disclosure, Trump claimed that he earned $636 million from the Trump meme coin. He also reported that nearly half of his total $1.4 billion income from the cryptocurrency sector last year came from the meme coin.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) has stated that it will not regulate meme coins as securities. The agency has also withdrawn several ongoing lawsuits against cryptocurrency companies.
A White House spokesperson told The New York Times that under President Trump’s leadership, the United States is working to become the world’s “crypto capital,” adding that the administration is proud of its efforts in this area.
Source: Sama TV.