Trump's Memecoin: Nearly 1 Million Investors Lose $3.8 Billion

In 2025, U.S. President Donald Trump reportedly earned around $1.4 billion from cryptocurrency dealings, including the controversial Trump-Memecoin. However, this digital asset has dramatically declined in value, losing about 98% of its worth, resulting in significant financial losses for many investors.

According to a financial disclosure submitted to the U.S. Office of Government Ethics, Trump's total income for 2025 was approximately $2.2 billion, with a substantial portion coming from cryptocurrency ventures, particularly the launch of the Trump-Memecoin.

Despite Trump’s financial gains, the situation for investors has been bleak. As of July 6, 2026, the value of the Trump-Memecoin had plummeted to $1.67, marking a staggering decline since its peak. The New York Times cites data from crypto analysis firm Nansen, which indicates that nearly one million investors in the Trump-Memecoin have collectively lost about $3.81 billion, averaging losses of around $3,810 per person.

However, not all investors have faced losses; Nansen's data suggests that about one-third of those who invested in the Trump-Memecoin did not lose money.

Interestingly, Trump continues to profit from each transaction involving the Memecoin, regardless of its market performance. His promotional efforts, particularly through his Truth Social account, encouraged many of his supporters to invest in the coin.

The Trump-Memecoin was launched in January 2025, just days before Trump took office, and peaked at $75.35 on January 19, 2025, before entering a steady decline.

Nicholas Pinto, a former Trump supporter and investor, reported a loss of about half of his $500,000 investment in the Trump-Memecoin, describing the situation as bordering on "legal fraud". The White House has denied such allegations.

Legal experts, including Stephen Gillers from New York University, speculate that Trump and his associates may eventually face a class-action lawsuit from disappointed investors. Gillers noted that Trump appeared to encourage his supporters to invest in the Memecoin, fostering expectations of wealth even as he sold off his own shares.

In a move that raised eyebrows, Trump instructed the U.S. Securities and Exchange Commission (SEC) to cease its oversight of the Memecoin sector at the beginning of 2025, leading to concerns that there would be little accountability for providers and traders in this volatile market.