New data from blockchain analytics firm Nansen, cited by CoinDesk, reveals a stark divide in the Trump-themed cryptocurrency market. While former President Donald Trump has amassed over $1.4 billion from family crypto projects, the vast majority of retail traders holding the TRUMP token have suffered significant losses.
According to the data, losses from TRUMP wallets totaled $3.81 billion across 988,905 addresses. In contrast, only 492,285 wallets were in profit, with gains totaling $4.04 billion. The net gain across all wallets after accounting for losses stood at approximately $236 million. This figure pales in comparison to Trump's disclosed income of $635 million from meme coin sales alone in 2025, as reported by Reuters. Trump's total haul from family crypto projects in 2025 exceeded $1.4 billion, meaning his personal earnings were nearly 2.7 times the net profit of all TRUMP token holders combined.
The token, officially named 'Official Trump,' traded between $1.82 and $1.83 on Saturday, approximately 97% below its January 2025 peak of around $75. The vast majority of profits went to early buyers who purchased the token for under $1 before it surged to nearly $75 within two days of launch, according to CoinDesk.
Data feeds from CoinMarketCap and CoinGecko showed TRUMP trading at $1.83 and $1.82 respectively, with 24-hour volumes of $173.6 million and $67.0 million, and market capitalizations of $434.5 million and $431.8 million. The Official Trump website states that 200 million tokens were released on day one, with total supply set to reach 1 billion over three years. Entities tied to The Trump Organization, CIC Digital LLC and Fight Fight Fight LLC, hold 80% of Trump Cards and collect trading revenue from Trump Meme Cards. The site explicitly states the token 'is not intended' to be an investment or security.
Losses have extended beyond the TRUMP token. The Melania Meme token was trading around $0.083, nearly 99% off its $13.05 peak. Nansen data also showed that out of 26,663 WLFI wallets tracked on the secondary market, 22,715 were underwater, with $83 million in losses against just $23 million in profits.
Peter Schiff, a prominent gold bug and financial commentator, criticized the token, suggesting big players are investing for access rather than value. 'You don't have to give him money directly, just buy his token,' Schiff said, calling it 'a lousy investment.'
Legal questions continue to swirl. Stephen Gillers, a law and ethics professor at New York University, noted that investors could potentially pursue class-action lawsuits after Trump 'encouraged supporters to invest' while he was 'cashing out.' Nansen data confirms that early holders locked in big gains, but most retail traders took losses.
Policy risk has also entered the crypto market-structure debate. Senator Kirsten Gillibrand has backed the CLARITY Act but stated in the Senate that it will not move forward without an ethics rule for senior officials, including the president and vice president. 'There will be no one voting for this bill if we don't have an ethics provision,' she told Consensus Miami, as reported by CoinDesk.
Meanwhile, Trump Media & Technology Group (NASDAQ:DJT) closed at $8.54 before the Independence Day break, down about 59% from its 52-week high of $20.92, with a market cap near $2.36 billion. Trump has denied any impropriety, stating, 'I don't get involved … We have funds that run my money,' as reported by Reuters. White House spokesperson Anna Kelly told Reuters that Trump turned the U.S. into the 'crypto capital of the world' and rejected claims of conflicts of interest.
