TheBlock
Roughly two-thirds of the 1.48 million wallets that bought President Donald Trump's official memecoin were sitting on losses at the end of June, with combined realized and paper losses of $3.81 billion, according to Nansen data first reported by The New York Times.
Why it matters
The figures land days after Trump's annual financial disclosure showed a $636 million payout tied to the token and more than $1.4 billion in total crypto-related income for 2025. The split between winners and losers is unusually concentrated: Nansen found gains were stacked among fewer than 500,000 early wallets, which captured a combined $4.04 billion. Late retail buyers absorbed the other side of the trade.
Market impact
The distribution underscores a familiar memecoin dynamic where insider and early entries capture the bulk of upside while the bulk of late buyers exit underwater. For the broader memecoin sector, the data is the kind of figure that keeps regulatory scrutiny focused on whether presidential-adjacent tokens cross the line from speculative asset to retail-transfer mechanism.
Frequently asked questions
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How many wallets lost money on Trump's memecoin?
Roughly two-thirds of the 1.48 million wallets that bought the token were sitting on losses at the end of June, with combined realized and paper losses of $3.81 billion, according to Nansen.
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How many wallets profited from Trump's memecoin?
Fewer than 500,000 wallets were up a combined $4.04 billion, with gains concentrated among early buyers per the Nansen analysis.
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What did Trump's financial disclosure show about the token?
Trump's annual financial disclosure showed a $636 million payout tied to the memecoin and more than $1.4 billion in total crypto-related income for 2025.
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Who reported the wallet-loss data?
The figures come from blockchain analytics firm Nansen and were first reported by The New York Times.
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Why does the winner-loser split matter for memecoins broadly?
The highly concentrated gain distribution is the kind of data point that draws regulatory scrutiny toward whether politically-adjacent token launches function more as retail transfer mechanisms than as ordinary speculative assets.
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