Nearly 1 million wallets have collectively lost $3.8 billion after buying President Donald Trump's $TRUMP memecoin, according to blockchain analytics from Nansen 📉
The report estimates that 988,905 accounts were in the red by the end of June, representing roughly two-thirds of all $TRUMP buyers 📊
The token has plunged to $1.69, down nearly 98% from its all-time high of $75.35.
President Trump launched the memecoin just three days before his inauguration in 2025, after previously co-founding the crypto project World Liberty Financial 🪙
Financial disclosures show Trump earned $636 million from the $TRUMP memecoin, representing nearly half of his $1.4 billion in crypto-related income last year 💰
The $WLFI token has declined significantly since launch, alongside the broader drop in $TRUMP.
Under the Trump administration, the SEC has stated it will not regulate memecoins as securities and has withdrawn several lawsuits against crypto companies ⚖️
Today's Pill - memecoins can create extraordinary wealth for some, but they can also leave the majority of buyers with substantial losses 🔄
The report estimates that 988,905 accounts were in the red by the end of June, representing roughly two-thirds of all $TRUMP buyers 📊
The token has plunged to $1.69, down nearly 98% from its all-time high of $75.35.
President Trump launched the memecoin just three days before his inauguration in 2025, after previously co-founding the crypto project World Liberty Financial 🪙
Financial disclosures show Trump earned $636 million from the $TRUMP memecoin, representing nearly half of his $1.4 billion in crypto-related income last year 💰
The $WLFI token has declined significantly since launch, alongside the broader drop in $TRUMP.
Under the Trump administration, the SEC has stated it will not regulate memecoins as securities and has withdrawn several lawsuits against crypto companies ⚖️
Today's Pill - memecoins can create extraordinary wealth for some, but they can also leave the majority of buyers with substantial losses 🔄