Trump’s Official Memecoin Holders Lose More Than $3.8 Billion

The Trump family launched World Liberty Financial in September 2024 and issued the $TRUMP meme coin in January 2025. After returning to the White House, Trump took the lead in shaping cryptocurrency policy while his private businesses also benefited, raising concerns about conflicts between his presidential powers and commercial interests.

An annual financial disclosure released by the U.S. Office of Government Ethics on June 30, 2026, showed that Trump earned more than $1.4 billion from crypto-related ventures in 2025, including about $635 million from $TRUMP and about $799 million from World Liberty Financial. Nansen data through the end of June showed that nearly 990,000 wallets had lost a combined $3.81 billion, while Bitcoin was down about 50% from its all-time high.

Trump has extended his personal brand into telecommunications and crypto. Trump Mobile took preorders for its gold-colored T1 phone, while Fight Fight Fight LLC launched the official TRUMP memecoin. Issued at $1.21 in January 2025, the token surged to $73 within 48 hours. Both ventures drew bets from supporters, underscoring that celebrity appeal is no substitute for product delivery or asset fundamentals.

By May 2026, about 600,000 buyers had each paid $100, bringing T1 phone deposits to roughly $60 million, but no deliveries had been confirmed. Trump Mobile said on May 14 that shipments would begin the following week. TRUMP traded at $2.45 on May 11, down about 97% from its peak, while Chainalysis estimated that retail investors had lost roughly $2 billion in total. The token fell another 5% on May 14.