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Trump Earns $1.2 Billion From Crypto as Retail Investors Lose $3.81 Billion

Trump Earns $1.2 Billion From Crypto as Retail Investors Lose $3.81 Billion

  • Donald Trump reported over $1.2 billion in crypto income while nearly one million TRUMP investors lost $3.81 billion collectively overall.
  • According to Nansen, early buyers captured most profits while later investors absorbed heavy losses during the launch rally afterward mostly.
  • Chainalysis reported creator-linked wallets earned over $324 million in trading fees as regulators offered limited protection for retail investors.

 


Current U.S. President Donald Trump reported more than $1.2 billion in crypto-related income in his 2025 financial disclosure, while nearly one million TRUMP memecoin investors collectively lost $3.81 billion. According to a Nansen report cited by the New York Times, the token’s gains remained concentrated among early participants, leaving most retail buyers with significant losses as prices declined.


Nansen tracked approximately 1.48 million wallets that purchased the TRUMP token. By the end of June 2026, about 988,905 wallets were holding losses. Collectively, those investors lost an estimated $3.81 billion as the token continued to trade well below its record high.


Meanwhile, the token changed hands near $1.66 at the end of June. That price represented a 96% decline from its peak of $73.43, reached on January 19, 2025. The memecoin launched on January 17, just days before Trump’s second inauguration.


Although most investors lost money, around 500,000 wallets generated nearly $4 billion in combined profits. According to Nansen, those gains largely went to early buyers who sold during the token’s rapid launch rally, while later participants absorbed the losses.


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Financial Disclosure Highlights Crypto Windfall

Trump’s nearly 1,000-page financial disclosure revealed that his crypto businesses generated more than $1.2 billion in income during 2025. According to the filing, World Liberty Financial, the crypto company co-founded by Trump and his sons, contributed more than $588 million through token sales.


Additionally, the disclosure reported another $636 million linked to the TRUMP memecoin. Reports also noted that no sitting U.S. president in recorded history has declared crypto earnings of that scale while serving in office. However, the White House stated that Trump and his family had not engaged in conflicts of interest and maintained that all executive actions served the public interest.


Beyond direct earnings, the token continued generating revenue through its trading structure. Chainalysis reported that creator-linked wallets collected more than $324 million in trading fees during the months following the launch. Economist Peter Schiff criticized the project. According to his comments, purchasing the token effectively benefited the president regardless of investors’ financial outcomes. He also pointed to reports that top TRUMP token holders received access to White House events.


Retail investors also faced limited legal options after losses mounted. In February 2025, the Securities and Exchange Commission stated that meme coins are not securities, placing them outside its regulatory oversight. Additionally, the token’s official website warned that it was not designed as an investment product. The developments echoed Argentina’s LIBRA token collapse in February 2025, which later triggered a fraud investigation following its rapid decline.


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