Trump’s Official Trump Memecoin Earned Him $636M as Buyers Lost $3.8B
July 9, 2025 — President Donald Trump’s Official Trump (TRUMP) memecoin generated a $636 million payout for him while nearly 989,000 wallets collectively lost $3.81 billion by the end of June, according to newly analyzed blockchain data from Nansen and Trump’s 2025 financial disclosure.
Immediate Details & Direct Quotes
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The New York Times report, citing blockchain analytics firm Nansen, revealed that 988,905 wallets that purchased the TRUMP memecoin recorded cumulative losses through June 30. The figure includes both realized losses from sold tokens and paper losses held by investors who have not yet exited their positions.
Trump’s 2025 financial disclosure showed he received a $636 million payout tied directly to the TRUMP memecoin, alongside at least $1.4 billion in crypto-related income during the reporting period. The income largely stemmed from licensing agreements linked to the memecoin and token sales by Trump-backed World Liberty Financial (WLFI).
Unlike retail buyers, Trump benefited from trading activity regardless of whether the token price rose or fell because the venture generated revenue from transactions, the report stated.
Responding to criticism, White House spokeswoman Anna Kelly told The New York Times that Trump had made the United States the “crypto capital of the world” and said his actions were taken in the interests of the American people.
Market Context & Reaction
As of Friday, the TRUMP memecoin traded at approximately $1.76, roughly 97% below its all-time high of $75.35. Nansen’s analysis found that roughly two out of every three wallets that purchased the token have lost money. Fewer than 500,000 wallets generated about $4 billion in combined profits, with gains concentrated among early participants who entered before the price surged.
The report concluded that automated traders and experienced crypto investors typically capitalized on rapid price swings by buying early and selling into retail demand, while later buyers accounted for the majority of losses.
One investor, Nicholas Pinto, told The New York Times he invested roughly $500,000 in the TRUMP token after supporting Trump in the 2024 election and estimated he had lost about half of that investment. Pinto argued that Trump’s public position encouraged confidence among buyers and described the project as “almost a legal scam.”
Trump introduced the TRUMP memecoin three days before his January inauguration, describing it on social media as a way for supporters to join his community, and repeatedly promoted the token on Truth Social.
Background & Historical Context
The financial disclosure has intensified political debate in Washington. Sen. Kirsten Gillibrand recently renewed her call for ethics rules that would prohibit government officials and their spouses from creating or promoting crypto memecoins while Congress considers the CLARITY Act.
In a recent CNBC interview, Trump said he was unaware that his crypto ventures had generated at least $1.4 billion, adding that he could know the exact amount if he wanted to and insisting there was nothing improper about earning money from digital assets. He also said he had no plans to distance himself or his family from their crypto businesses.
World Liberty Financial has also faced losses among investors. According to Nansen, 85% of the 26,663 WLFI wallets it tracked were underwater, recording combined losses of about $83 million compared with roughly $23 million in profits. The firm noted actual losses are likely much larger because many secondary-market transactions on exchanges cannot be traced publicly.
What This Means
The data underscores the inherent risks in memecoin investments, where early participants and insiders often capture disproportionate gains while retail buyers bear losses. The continued political scrutiny suggests tighter ethics rules could emerge as pending crypto legislation advances in Congress, with Gillibrand pushing for provisions that would restrict government officials from launching or promoting such tokens.
For investors, the TRUMP memecoin’s 97% decline from its peak serves as a stark reminder to conduct thorough research and understand that promotional backing does not guarantee price stability. Future developments may include stricter regulatory oversight if the CLARITY Act moves forward with enhanced ethics provisions.
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