$TRUMP Meme Coin Loses Over $3.8 Billion as Majority of Buyers See Investments Collapse

Nearly one million people who bought Donald Trump's meme coin, $TRUMP, have lost money. According to a report by cryptocurrency analytics firm Nansen, 988,905 wallets that purchased $TRUMP recorded losses, totaling $3.81 billion in combined losses.

The majority of these buyers, about two out of every three, saw their investments collapse as the coin's price plummeted almost 97% from its peak of $75.35 to a current value of $1.76.

However, Nansen's analysis also revealed that just under 500,000 wallets recorded profits from $TRUMP, totaling $4 billion in gains. But this figure is attributed to a small number of early buyers who captured enormous gains while the broader retail majority absorbed the losses.