Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin
The New York Times • • business
Key Points:
- Nearly 1 million investors who purchased President Trump's memecoin have collectively lost $3.81 billion through June, according to cryptocurrency analytics firm Nansen.
- Despite these losses for followers, Trump himself reportedly earned $636 million from the same crypto investments, contributing to a total business income of at least $2.2 billion in 2025.
- Trump profited from the memecoin regardless of its market performance by collecting fees whenever tokens were traded, leveraging his social media platform to encourage trading.
- Transitioning from a crypto skeptic to an investor in 2024, Trump and his sons launched World Liberty Financial and introduced the $WLFI coin, which has also experienced significant value decline.
- Trump introduced the $TRUMP memecoin shortly before his inauguration, a novelty digital currency with minimal practical use, further expanding his crypto ventures.
