President Donald Trump has raked in hundreds of millions of dollars from his signature cryptocurrency while his supporters have largely been left holding the bag, according to a report.
Of the 1.48 million wallets that bought the $TRUMP memecoin since it launched just three days before Trump’s second inauguration last year, about 66%, or 988,905 wallets, had lost money by the end of June. According to data from blockchain analytics firm Nansen, the combined losses were $3.81 billion, reported the New York Times.
The losses are stark given that President Trump has claimed large profits from the token, which sports a picture of him with his fist in the air and the words “Fight, Fight, Fight,” in reference to the Butler, PA attempted assassination attempt in 2024. According to the president’s most recent financial disclosures, he had pocketed $636 million from the $TRUMP memecoin alone.
Read more [paywall removed for Redditors]: https://fortune.com/2026/07/07/donald-trump-meme-coin-world-liberty-financial-finance-politics/?utm_source=reddit/
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