Trump Memecoin Investors Suffer $3.8 Billion Loss
Nearly a million investors lost $3.8 billion on Trump's memecoin, while the former US President earned $636 million in royalties. The losses came despite the coin's initial surge to $75.26 within hours of its launch on the Solana blockchain. The EU has not commented on the matter.
Key points
- 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.
- Nearly a million investors, 988,905, lost a combined $3.81 billion through the end of June.
- Trump earned $636 million in royalties from the coin, listed as part of his 2025 crypto-related income.
- The EU has not commented on the Trump memecoin or its impact on the global cryptocurrency market.
Trump Memecoin Investors Suffer $3.8 Billion Loss
The cryptocurrency market has experienced a significant loss for nearly a million investors, with a total of $3.8 billion lost on Trump's memecoin. The coin, launched on the Solana blockchain on January 17, 2025, initially surged to $75.26 within hours, giving it a fully diluted market capitalisation above $75 billion.
However, the coin's value plummeted, leaving investors with significant losses. According to an analysis by blockchain analytics firm Nansen, 988,905 buyers of the token are underwater, with a combined loss of $3.81 billion.
Trump's financial disclosure lists $636 million in royalties from the coin, which is part of his 2025 crypto-related income. The EU has not commented on the matter.
The Trump memecoin's impact on the global cryptocurrency market is yet to be fully understood. As the market continues to evolve, investors are advised to exercise caution and do their due diligence before making any investment decisions.
Sources
The WireByte editorial team synthesises technology news from multiple primary sources, verifies the facts, and links every source. Articles are produced with AI assistance and reviewed under our editorial policy.