Nearly 1 million investors have lost a staggering $3.8 billion in total after purchasing President Donald Trump’s $TRUMP memecoin, according to an analysis by cryptocurrency analytics firm Nansen. This report, published on July 5, 2026, indicates that about 988,905 accounts experienced financial losses by the end of June.
Significant Decline in Memecoin Value
The $TRUMP memecoin was trading at $1.69 on Sunday, a dramatic decline of nearly 98% from its peak value of $75.35. The memecoin was launched just three days before Trump’s inauguration in 2025, following his previous venture into the cryptocurrency space with the co-founding of World Liberty Financial alongside his sons.
This financial downturn has raised questions about the sustainability of the memecoin market, particularly as the Securities and Exchange Commission has opted not to regulate memecoins as securities. This decision has led to the dismissal of several lawsuits against crypto companies during the Trump administration.
Trump's Financial Gains from Cryptocurrency
Despite the widespread losses among investors, Trump himself has profited significantly from the $TRUMP memecoin. In a recent financial disclosure, he reported earning $636 million from the memecoin, which constitutes nearly half of the $1.4 billion he made from the cryptocurrency sector last year.
A spokesperson from the White House stated, “President Trump proudly made the United States the crypto capital of the world,” highlighting his administration's stance on cryptocurrency and memecoins.
Market Implications and Future Outlook
The implications of such massive losses in the memecoin market could lead to increased scrutiny and a potential shift in regulatory attitudes toward cryptocurrencies. As investors grapple with these losses, the future of memecoins like $TRUMP remains uncertain.
- Investors lost a total of $3.8 billion.
- 988,905 accounts reported losses.
- $TRUMP trading price dropped from $75.35 to $1.69.
- Trump earned $636 million from $TRUMP.
- SEC does not regulate memecoins as securities.
🤖 This article was rewritten by Feed and Figures' editorial AI from a report originally published by TechCrunch. Facts and quotes are preserved from the original; the rewrite focuses on clarity and structure. For the unedited original, see the source link below.
