President Donald Trump’s memecoin generated a reported 636 million payments to him while about 1 million buyers lost a total of $3.81 billion, according to newly analyzed blockchain data and financial disclosures.
Summary
- Nansen said that approximately 989,000 TRUMP memecoin funds lost a combined 3.81 billion by the end of June.
- Trump’s 2025 financial disclosure reported $636 million in payments from TRUMP memecoin and at least $1.4 billion in crypto-related income.
- This disclosure has renewed political scrutiny, where Sen. Kirsten Gillibrand pushing for stricter ethics rules on pending crypto legislation.
According to a report by The New York Times, citing blockchain analytics company Nansen, 988,905 funds that bought the Official Trump Memecoin (TRUMP) recorded a loss of more than 3.81 billion dollars at the end of June. Nansen said this figure includes both realized losses and losses of securities held by investors who have not yet sold their tokens.
The analysis followed the release of Trump’s 2025 financial disclosure, which shows he received a $636 million payout tied to TRUMP’s memecoin. The filing also revealed at least $1.4 billion in crypto-related income during the reporting period, mostly linked to licensing agreements linked to memecoins and token sales by Trump-backed World Liberty Financial (WLFI).
Unlike retail investors, Trump benefited from trading activity regardless of whether the price of the tokens went up or down because the business generated revenue from transactions, the New York Times reported. During the token’s launch, Trump repeatedly promoted memecoin on Truth Social, encouraging supporters to buy it.
Three days before the January inauguration, Trump launched the TRUMP memecoin, describing it on social media as a way for fans to join his community. Since then, the token has fallen significantly from its highs. Nansen said memecoin traded around $1.76 on Friday, about 97% below its all-time high of $75.35.
Retail investors suffer a lot of losses
According to Nansen, almost two out of three funds that bought the TRUMP token lost money. The company also found that less than 500,000 mutual funds made about $4 billion in profits, with gains concentrated in a small group of early participants who got in before the price went up.
The report said that automated traders and savvy crypto investors often benefit from the rapid price swings common to memecoins by buying early and selling on demand. Nansen concluded that most of the profits were taken by this small group, while late buyers accounted for most of the losses.
Another investor interviewed by the New York Times, Nicholas Pinto, said he invested about $500,000 in the TRUMP token after supporting Trump in the 2024 election and estimated that he lost about half of that investment. Pinto said Trump’s public position inspires confidence among consumers and described the project as “almost a legitimate scam.”
In response to the criticism, White House spokeswoman Anna Kelly told the New York Times that Trump has made the United States the “crypto capital of the world” and said his actions were made in the interests of the American people.
Cryptocurrency continues to be under political scrutiny
In a recent CNBC interview, Trump said that he did not know that his crypto ventures generated at least 1.4 billion dollars, adding that he does not know the exact amount if he wants and insisting that there is nothing wrong with getting money from digital assets. He also said that he has no plans to distance himself and his family from their crypto businesses.
World Liberty Financial also faced losses from investors. According to Nansen, 85% of WLFI’s 26,663 funds tracked were underwater, recording a combined loss of $83 million compared to an estimated profit of $23 million. The company noted that the actual losses are much greater because many secondary market transactions in the exchange cannot be tracked publicly.
The financial disclosures have also intensified the political debate in Washington. Senator Kirsten Gillibrand recently renewed her request for ethics rules that would prevent government officials and their spouses from creating or promoting crypto memecoins while Congress considers the CLARITY Act.
According to Gillibrand, Senate deliberations are also examining stablecoin mining, anti-money laundering protections, and ethics provisions before lawmakers move the legislation forward.
