TL;DRBlockchain analytics firm Nansen found that 988,905 buyers of Trump’s $TRUMP memecoin lost a combined $3.81 billion through the end of June. Trump’s financial disclosure lists $636 million in royalties from the coin and $1.4 billion in total crypto-related income for 2025.

Nearly a million people who bought President Donald Trump’s $TRUMP memecoin have collectively lost $3.81 billion, according to an analysis by blockchain analytics firm Nansen. The data, which covers all transactions through the end of June, found that 988,905 of the token’s buyers are underwater.

Trump earned $636 million from the same coin. His 927-page financial disclosure, released by the Office of Government Ethics on 30 June, lists the payout as royalties from CIC Digital LLC, a Trump Organisation affiliate, under a licensing agreement with an entity called Celebration Coins, for which no public digital footprint has been found.

How the money flows

Trump launched the $TRUMP token on the Solana blockchain on 17 January 2025, three days before his second inauguration. The coin surged to $75.26 within hours, briefly giving it a fully diluted market capitalisation above $75 billion.