TRUMP memecoin buyers down $3.8B as token falls 96% from peak

Investors who bought the TRUMP memecoin are sitting on $3.81 billion in combined losses, while President Donald Trump made more than $1.4 billion from his crypto ties, according to blockchain analytics firm Nansen.

Roughly two-thirds of the 1.48 million wallets that bought the token since its January 2025 launch are underwater. The 492,285 wallets in profit hold $4.04 billion in gains, concentrated among early buyers who got in under $1 before the token hit a near-$75 high two days later, the data shows.

Across all wallets, gains and losses roughly offset to $236 million. A small group of early entrants captured most of the upside. Later retail buyers bought higher and absorbed the losses.

The losses deepened as the broader crypto market slumped. Bitcoin is down roughly 50% from its record above $126,000 set in October, and the sector has spent the first half of 2026 in a downturn.

TRUMP trades near $1.79, down about 96% from its peak. Its market value stands at $425 million, against nearly $15 billion at the January 2025 high. Of the 722,000 wallets still holding the token, positions are worth $465 million combined. Since launch, about $71 billion in value has moved through the token.

Trump, once a crypto critic, embraced the technology during the 2024 campaign and promised to make the U.S. the crypto capital of the world. He has maintained his crypto ties even as his administration has pushed the federal government toward embracing the industry.