Nearly one million buyers of President Donald Trump's Official Trump memecoin have lost a collective $3.8 billion, according to new analysis from The New York Times.
The data, from analytics firm Nansen, shows 988,905 buyers-about two-thirds of all purchasers-were in the red on the TRUMP token as of the end of June. Their losses totaled $3.81 billion.
The report follows the release of the president's annual financial disclosure. It revealed Trump earned more than $1.4 billion from crypto-related ventures last year, including over $630 million from the TRUMP memecoin itself.
Trump launched the token just before returning to office in January 2025. It quickly peaked above $73 but has since fallen more than 97%, trading near $1.70.
Nansen's analysis indicates a stark divide. While the broad retail majority absorbed losses, a small number of early buyers captured enormous gains. Nearly 500,000 wallets recorded a profit, totaling $4 billion.
The firm also analyzed World Liberty Financial, the crypto platform co-founded by Trump and his sons. Of the 27,000 wallets tracked for its WLFI token, 85% recorded a loss, amounting to $83 million. Trump's disclosure showed he earned nearly $800 million from the platform last year.
In a recent interview, Trump defended his crypto profits, stating there was 'nothing illegal' or 'nothing wrong' with the dealings.