CoinDesk
Blockchain data from analytics firm Nansen shows that 988,905 of the 1.48 million wallets that have bought President Trump's TRUMP memecoin since its January 2025 launch are sitting on combined losses of $3.81 billion. A minority of 492,285 wallets remain in profit, holding $4.04 billion in gains concentrated almost entirely among buyers who entered in the first hours of launch at under $1, before the token's near-$75 high two days later. Across the full wallet set, the two sides roughly net to about $236 million, a number that masks how lopsided the distribution has been.
The TRUMP token itself trades near $1.79, down roughly 96% from its January 2025 peak. Its market value sits at $425 million against a launch-era high near $15 billion, and the 722,000 wallets that still hold the position are worth $465 million combined. About $71 billion in value has moved through the token since launch.
Why it matters
The pattern is the canonical memecoin distribution curve. The earliest buyers captured essentially all of the upside, and every cohort that came in after the first 48 hours bought materially higher and has watched the position bleed. President Trump personally earned more than $1.4 billion from the token and related crypto ventures, while retail buyers who piled in during the public phase took the losses.
The same structure is playing out at World Liberty Financial, the Trump-family-backed crypto project. WLFI sold its token at $0.015 in the first ICO round and $0.05 to the public, opened secondary trading on September 1, 2025 at $0.29, and now changes hands around $0.056, down more than 80% from the secondary peak. Nansen tracks 22,715 of the 26,663 secondary-market wallets as underwater, about 85%, with combined losses of $83 million against $23 million in the green.
Market impact
The losses are stacking onto a sector already under pressure. Bitcoin is down roughly 50% from the record above $126,000 it set in October, and the broader crypto market has spent the first half of 2026 in a slump that pulled memecoins down hardest.
Frequently asked questions
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How much have TRUMP memecoin buyers lost in total?
Nansen data shows 988,905 of the 1.48 million wallets that have bought TRUMP since its January 2025 launch are underwater, with combined losses of $3.81 billion. The 492,285 wallets still in profit hold $4.04 billion, mostly from buyers who entered under $1 in the first hours.
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How far is the TRUMP token from its all-time high?
TRUMP trades near $1.79, down roughly 96% from its January 2025 peak near $75. Its market value is $425 million, against nearly $15 billion at the launch-era high.
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How much did Trump personally earn from the memecoin?
President Trump personally earned more than $1.4 billion from his crypto ventures including the TRUMP token, per the Nansen data shared with CoinDesk. He has defended the income as legal and said he was unaware of the full extent of his holdings.
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How are World Liberty Financial (WLFI) holders doing?
Of the 26,663 secondary-market WLFI wallets Nansen tracks, 22,715 (about 85%) are underwater, with $83 million in combined losses against $23 million in the green. WLFI now trades around $0.056, down more than 80% from its secondary peak.
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Why is the broader crypto context relevant to these losses?
The TRUMP and WLFI drawdowns stack onto a sector already under pressure. Bitcoin is down roughly 50% from its October record above $126,000, and the broader market has spent the first half of 2026 in a slump that has hit memecoins hardest.
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