NYT: nearly a million investors lost $3.8 billion on the TRUMP memecoin - ForkLog

# NYT: Nearly a million investors lost $3.8 billion on the TRUMP memecoin

Around 989,000 investors who bought the TRUMP memecoin were at a loss by the end of June. Total losses came to $3.81 billion, The New York Times reports, citing a report by analytics firm Nansen.

According to the study, about two-thirds of all token buyers either recorded losses or continue to hold the asset with unrealized losses. By the end of June, the token was trading at $1.76—about 97% below its all-time high of $75.35.

At the same time, about 500,000 wallets received total profits of nearly $4 billion. Nansen noted that the gains were concentrated among a small group of early buyers and algo-traders, while the bulk of retail investors entered the market only after the price surged rapidly.

As NYT notes, U.S. President Donald Trump earned from the project regardless of the token’s price performance. According to a previously published financial disclosure, revenue from the memecoin amounted to $636 million. The project’s organizers received fees from trading activities, so profits were generated even amid the subsequent decline in the asset’s value.

The newspaper also reminds readers that after the token launched in January 2025, Trump actively promoted it on the social network Truth Social, urging supporters to join the “TRUMP community.” Later, the White House administration rejected accusations that the president benefited at investors’ expense, saying that the administration’s actions are aimed at developing the U.S. as a global hub for the crypto industry.

In addition to the TRUMP memecoin, the Trump family is involved in the crypto project World Liberty Financial. According to NYT, most of the tracked WLFI token holders also suffered losses: out of more than 26,000 analyzed wallets, about 85% were in the red.

Lawyers interviewed by the outlet do not rule out that after the end of the presidential term, Trump could face class-action lawsuits from investors, despite the fact that the memecoin website contains a warning that the token is not intended to be used as an investment instrument.

“Back when Trump was a developer, he boasted that he was playing on people’s fantasies. Here, he apparently encouraged his supporters to invest, counting on wealth even while he himself was making a profit,” New York University law professor Stephen Gillers said.

Recall that Elizabeth Warren, a member of the U.S. Senate Banking Committee, called for adding a ban on crypto-industry income for the president, vice president, administration officials, members of Congress, and their families to the CLARITY Act.