Trump Memecoin Investors Lose $3.8 Billion, Nansen Report

Nansen analysis finds nearly 1m Trump memecoin investors lost $3.81bn, while Trump pocketed $636m from launch.

Nearly one million people who bought President Donald Trump's official memecoin have lost money since it launched in January 2025.

Their combined losses now stand at $3.81 billion, according to blockchain analytics firm Nansen, as reported by The New York Times.

The analysis covers activity through the end of June. Nansen says the figure includes both people who sold at a loss and those still holding the token with paper losses.

It is a painful contrast. While supporters bled cash, Trump himself made big money. Nansen data shows the president earned over $1.4 billion from the memecoin launch, with his personal payout put at $636 million.

The numbers are stark. Out of all buyers, 988,905 wallets roughly two out of every three investors are underwater.

The $TRUMP token has collapsed. It now trades around $1.76, down about 97% from its peak, and sits roughly 98% below its January 2025 record high.

Gains were not shared evenly. A small group of early buyers still holds about $4.04 billion in profits, while later retail investors took the hit.

One report summed it up bluntly: for every dollar insiders earned, ordinary investors lost $20.

It fits a wider pattern. A Reuters examination found the Trump family has generated at least $2.3 billion in profit from crypto ventures since Trump retook office, with investors on the other side recording similar levels of losses.

The disclosure has already sparked political heat in Washington. Senator Kirsten Gillibrand is pushing for stricter ethics rules on presidential crypto income, after filings showed Trump's massive haul.

For many small traders who bought in hoping for a quick win, the memecoin boom has turned into a harsh lesson on hype, timing, and who really cashes out first.