Trump memecoin investors rack up a 3.8 billion dollar loss

Donald Trump’s ‘MAGA’ supporters blindly believer whatever the US president’s claims on social media. Consequently, when he launched a new cryptocurrency bearing his name two days before his inauguration, many followed suit and invested immediately. The problem was that the first 500,000 wallets had already bought in at that point.

Those wallets are looking at a handsome profit, even now that ‘$TRUMP’ is trading about 97% below its peak, while the roughly one million other investors face a combined loss of around $3.8 billion.

Wall Street Journal front page - Trump making a fortune. You? Not so much. pic.twitter.com/cIxKWm0gII

— Tom Sherwood (@tomsherwood) July 5, 2026

The US president himself earned some $600 million from the memecoin.

Scam

$TRUMP surged to an unprecedented high of $75 during that first weekend, after which early buyers sold off on Sunday, coinciding with the launch of a $MELANIA memecoin. It never reached such a price again, and by now the memecoin’s chart looks exactly like that of a typical scam. The coin is currently trading at just over $1.

Many Trump supporters who initially invested now feel shortchanged, even though the White House stated earlier this week that the U.S. President himself is not on the board of the company behind the Trump memecoin and therefore cannot be held responsible for what occurred.

Every time someone bought or sold the $TRUMP memecoin, the company behind the digital coin made money, which explains their phenomenal profits.