A new report from onchain analytics firm Nansen shows that buyers of Official Trump, the TRUMP memecoin tied to US President Donald Trump, have collectively absorbed heavy losses. As of the end of June 2026, 988,905 wallets that bought the token were in the red, representing roughly two out of every three buyers, according to a report cited by The New York Times. Those wallets were carrying combined losses of $3.81 billion, including unrealized losses from holders who still have not exited their positions.
On the other side of the trade, just under half a million wallets posted profits on TRUMP totaling around $4 billion. Nansen said the pattern highlights a highly uneven outcome: a relatively small number of early buyers captured outsized gains, while the broad retail majority ended up absorbing most of the losses.
Most TRUMP buyers lost money while gains clustered among early entrants
Trump promoted the self-branded memecoin on X on Jan. 18, shortly before returning to office in January 2025. The token quickly surged after launch and at one point traded above $73. Since then, it has fallen more than 97% from its peak and is now changing hands at about $1.70, according to CoinGecko.
The timing of the report is notable. It came only days after Trump’s annual financial disclosure was released on Tuesday. The nearly 1,000-page filing showed that he earned more than $1.4 billion from crypto-related ventures last year, reviving concerns about potential conflicts of interest surrounding the president’s digital asset businesses while serving in office.
The disclosure also showed that Trump personally made more than $630 million from his TRUMP memecoin. By comparison, all buyers of the token taken together generated only about $200 million in net profit overall, pointing to a stark gap between project-linked revenues and aggregate market outcomes for token holders.
WLFI data points to losses for most tracked wallets as well
Nansen also examined World Liberty Financial’s WLFI token, which is tied to the crypto trading platform of the same name. Trump and his three sons are listed as co-founders of that venture. WLFI was first sold directly to investors at $0.015 and later at $0.05.
According to Nansen, investors who bought WLFI at $0.05 have likely made a modest profit. Even so, among the nearly 27,000 wallets tracked by the firm, about 85% were showing losses. Those losing wallets had incurred a combined $83 million in losses, while the remaining profitable wallets posted total gains of about $23 million.
Nansen added that the real number of WLFI investors facing losses is likely higher, because some holders bought the token on exchanges where transaction-level data is not publicly available. The token became available to the public through secondary exchanges in September.
Financial disclosures are likely to keep conflict concerns in focus
Trump’s financial filing further showed that he earned just under $800 million last year from the World Liberty Financial platform. The report noted that a Trump-linked business collects 75% of WLFI sales revenue regardless of the token’s market price, a structure that may further sharpen scrutiny of the economics behind the project.
In a CNBC interview last Thursday, Trump sidestepped questions about perceived conflicts of interest. He said there was “nothing illegal” and “nothing wrong” with his disclosed crypto profits, and argued that other people were responsible for handling his investments. With fresh data now showing large losses across both TRUMP and WLFI holders, questions around his crypto ventures, policy role and financial incentives are likely to remain under close watch.