Data from blockchain analytics firm Nansen showed that approximately one million people who bought the meme coin $TRUMP, linked to U.S. President Donald Trump, collectively lost nearly $3.81 billion by the end of June.

In contrast, Trump himself made $636 million in profits from the coin, according to an official financial disclosure released on June 30 by the Office of Government Ethics.

The journey of $TRUMP on the Solana network began in January 2025, with a market value exceeding $75 billion within the first hours of launch, before sharply declining to just $1.78, less than 3% of its all-time high.

A $10,000 investment on launch day is now worth only $364.

According to the disclosures, Trump receives revenues from trading fees and commissions of the coin through a licensing agreement benefiting his affiliated entities, under the umbrella of CIC Digital LLC and Fight Fight Fight LLC, which control 80% of the total issued coins and release them gradually into the market over three years.

The launch came amid major regulatory changes in the sector, as the U.S. Securities and Exchange Commission (SEC) halted a large portion of crypto-related cases after Trump took office, and he enacted the GENIUS Act, which provided institutions with a clear legal framework to launch stablecoin products, without imposing similar controls on meme coins or coins linked to elected officials.

The coin launch sparked further controversy when Trump hosted a private dinner at his club in Virginia for the largest $TRUMP holders, who collectively spent $148 million, an event that included major international investors in the coin.

Trump's crypto investments are not limited to this coin; the disclosure revealed income exceeding $1.4 billion from other projects in 2025, including more than $800 million from the World Liberty Financial coin alone.

At the same time, Trump Media & Technology Group recorded significant losses, mostly due to the decline in value of the digital assets it purchased.

Politically, digital coins linked to government officials face criticism and calls for stricter controls, as U.S. Senator Kirsten Gillibrand proposed banning the issuance or promotion of such coins by officials and their spouses, but the bill has not yet been passed amid the growing adoption of crypto solutions by the U.S. financial sector.

This story reflects a clear gap between the institutional market and the legislative system on one hand, and individual investors who almost single-handedly bore the massive financial losses, which exceeded what users lost due to decentralized protocol hacks in the first half of 2026.

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