Trump crypto token buyers are down $3.8 billion, Nansen data shows

Investors holding the TRUMP memecoin are down $3.81 billion combined, while the U.S. President made more than $1.4 billion from his crypto ties, according to data from analytics firm Nansen shared with CoinDesk.

The losses fall on 988,905 of the 1.48 million wallets that have bought Donald Trump's memecoin since its January 2025 launch, roughly two-thirds. The 492,285 wallets in profit are up $4.04 billion, concentrated among buyers who bought the token in the first hours of the launch, when it traded under $1, before it reached a near-$75 high two days later, the data shows.

Across all 1.48 million wallets, gains and losses offset to about $236 million. A small group of early entrants captured most of the upside, while later retail buyers bought higher and faced losses.

The losses worsened as the broader crypto market tumbled. Bitcoin is down roughly 50% from the record above $126,000 it set in October, and the sector has spent the first half of 2026 in a slump.

TRUMP trades near $1.79 today , down about 96% from its peak. Its market value is $425 million, against nearly $15 billion at the January 2025 high. Of the 722,000 wallets still holding the token, positions are worth $465 million combined. Since launch, about $71 billion in value has moved through the token.

Trump, who once was a crypto critic, embraced the technology during the 2024 campaign trail before his return to the White House, promising to make the U.S. the crypto capital of the world. Since then, he has unapologetically maintained his crypto ties even as he and his appointees have steered the federal government toward embracing the industry.

Recently, Trump has said there is nothing wrong with the income he made from his crypto-related businesses. He told CNBC that he did nothing illegal and was unaware of the extent of his holdings. Trump also added that he handed day-to-day control of his businesses to his two eldest sons before taking office without divesting.

The crypto company that Trump and his family have maintained an ownership stake in, World Liberty Financial, saw its token add to losses under a different structure.

WLFI tokens were sold through an initial coin offering (ICO) at $0.015 in the first round and $0.05 to the public, and stayed non-transferable until Sep. 1, 2025. Secondary trading opened that day at $0.29 and reached $0.33.

Of the 26,663 wallets Nansen tracks buying WLFI on secondary markets, 22,715 are underwater, about 85%, with combined losses of $83 million against $23 million in the green, Nansen’s data shows.

WLFI is now changing hands around $0.056 per token, down more than 80% from its peak, with a $1.8 billion market capitalization. The 241,651 wallets that bought in the ICO are excluded from the loss figure.

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