Almost 1 million folks have misplaced a complete of $3.8 billion after shopping for President Donald Trump’s $TRUMP memecoin, in response to cryptocurrency analytics agency Nansen.
The New York Instances studies that Nansen’s evaluation relies on transactions which are publicly seen on the blockchain, displaying that 988,905 accounts had misplaced cash on the memecoin as of the top of June. That represents round two out of three $TRUMP consumers.
On Sunday, $TRUMP was buying and selling at $1.69, down almost 98% from its excessive of $75.35.
Trump introduced the memecoin three days earlier than his inauguration in 2025. He’d beforehand co-founded a crypto startup, World Liberty Monetary, along with his sons. The $WLFI coin has additionally declined considerably in worth.
In a current monetary disclosure, the president revealed that he made $636 million from the $TRUMP memecoin, accounting for almost half of the $1.4 billion that the president produced from the crypto business final 12 months.
Below the Trump administration, the Securities and Alternate Fee has stated it won’t regulate memecoins as securities and has dropped numerous lawsuits towards crypto firms. A White Home spokesperson advised the NYT, “President Trump proudly made america the crypto capital of the world.”
