Nearly one million people lost a total of $3.8 billion after investing in President Donald Trump's $TRUMP memecoin, according to analysis by cryptocurrency firm Nansen. As of June end, just over two-thirds of $TRUMP buyers had seen their investments evaporate.
The coin peaked at $75.35 but is now trading at a fraction of that - just $1.69 – indicating a 98% fall in value since its peak. Trump announced the memecoin days before his inauguration in 2025, and it seems the timing was as questionable as the coin's performance.
Interestingly, despite the loss, Trump profited handsomely from the venture, making $636 million from $TRUMP, accounting for nearly half of his reported earnings from crypto last year. World Liberty Financial, a previous crypto startup with his sons, saw similar declines in value.
Under the Trump administration, the Securities and Exchange Commission took a relaxed approach to regulating memecoins, allowing them to flourish without oversight. This hands-off policy might have contributed to the rampant speculation and subsequent crash of $TRUMP.
