Trump's Memecoin Fails as Investors Lose Billions, President Earns $636 Million

US President Donald Trump's memecoin, $TRUMP, has left nearly one million investors in the red. According to blockchain analytics firm Nansen, 988,905 crypto wallets representing roughly two out of every three buyers have lost about $3.81 billion by the end of June.

The token was trading at $1.76 on Friday, down 97% from its all-time high of $75.35 shortly after its launch in January 2025. Despite these losses, Trump earned around $636 million from the memecoin, part of a total of over $2.2 billion he made from business ventures in 2025.

One investor who lost money was Nicholas Pinto, a crypto trader who voted for Trump in the 2024 election. Pinto invested around $500,000 in the memecoin and has lost about half of that amount.