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🚨💢💥 JUST IN: Nearly 1 Million Investors Lost $3.8B on Trump's $TRUMP Memecoin — NYT
A New York Times report, citing data from crypto analytics firm Nansen, lays out the stark math behind Trump's official memecoin: most people who bought it lost money, while a small group of insiders and sophisticated traders profited heavily.
The numbers:
📉 988,905 buyers (roughly two out of every three) are underwater, with combined losses of $3.81 billion through the end of June
📈 Meanwhile, about 500,000 wallets recorded combined profits of nearly $4 billion — concentrated among early buyers and algorithmic traders
💥 The token has fallen ~97% from its all-time high of $75.35 down to $1.76
How Trump made money regardless: $TRUMP's structure meant Trump and affiliated entities earned revenue whenever tokens were traded — not just when the price went up. He reportedly promoted the coin heavily on Truth Social, launching it three days before his inauguration. His 2025 financial disclosure shows a $636 million payout from the coin, part of at least $2.2 billion in total earnings from his business ventures that year.
Wider fallout: The Times also flagged that most tracked holders of the Trump family's other crypto project, WLFI, are similarly in the red — about 85% of over 26,000 analyzed wallets. Legal experts quoted suggest post-presidency class-action risk isn't off the table, and Senator Elizabeth Warren has pushed to bar the president, VP, and officials from crypto earnings via the CLARITY Act.
$TRUMP $BTC #gStocksTokenizedStocksLive