The TRUMP token is down 96% from its peak, and 85% of secondary market wallets for WLFI are underwater, reflecting a broader downturn in the sector.

President Donald Trump launched his $TRUMP memecoin in the days leading up to his second inauguration, ushering in a pro-crypto administration – and a lucrative family business.

About 1 million wallets holding Trump’s memecoin have seen net losses totaling $4.5 billion since it began trading in January 2025, according to a blockchain analysis group.