Practically 1 million individuals have lost a complete of $3.8 billion after shopping for President Donald Trump’s $TRUMP memecoin, based on cryptocurrency analytics agency Nansen.
The New York Times reports that Nansen’s analysis relies on transactions which can be publicly seen on the blockchain, displaying that 988,905 accounts had lost cash on the memecoin as of the tip of June. That represents round two out of three $TRUMP consumers.
On Sunday, $TRUMP was trading at $1.69, down almost 98% from its excessive of $75.35.
Trump introduced the memecoin three days earlier than his inauguration in 2025. He’d beforehand co-founded a crypto startup, World Liberty Monetary, together with his sons. The $WLFI coin has additionally declined considerably in worth.
In a current monetary disclosure, the president revealed that he made $636 million from the $TRUMP memecoin, accounting for almost half of the $1.4 billion that the president constructed from the crypto trade final 12 months.
Below the Trump administration, the Securities and Trade Fee has mentioned it will not regulate memecoins as securities and has dropped a number of lawsuits against crypto companies. A White Home spokesperson informed the NYT, “President Trump proudly made the USA the crypto capital of the world.”
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