Trump’s memecoin holders lose over $4B as Nansen data reveals brutal wealth transfer
Nearly two-thirds of wallets that bought the $TRUMP token are underwater, while early investors and the president himself walked away with billions.
Blockchain analytics firm Nansen has tallied the damage: roughly 988,905 wallets have collectively lost $3.81 billion on the Official Trump memecoin, while a much smaller group of about 492,285 wallets booked profits totaling approximately $4.04 billion.
The rise, the peak, the 97% crater
The $TRUMP token launched on Solana on January 17, 2025, just days before Donald Trump’s second inauguration. Within 48 hours, the token rocketed to roughly $75.35. The token has since cratered approximately 97% from that peak, trading at around $1.76 as of recent data.
Out of roughly 1.48 million wallets that Nansen tracked, about two-thirds ended up on the losing side. The winners were overwhelmingly the earliest participants, people who bought in the first hours and sold into the frenzy.
Follow the money to 1600 Pennsylvania Avenue
President Trump and his affiliates have reportedly realized around $636 million from the venture, contributing to over $1.4 billion in total crypto-related income. Revenue streams included royalties and token allocations.
Nansen’s analysis also flagged that approximately 85% of secondary-market wallets holding $WLFI, the token associated with Trump’s World Liberty Financial project, are experiencing losses as well.
What this means for investors
The 492,285 wallets that profited represent roughly one-third of all participants. The regulatory implications could be significant. A sitting president profiting hundreds of millions while retail investors lose billions is precisely the kind of headline that energizes legislative action.