The analysis found that Trump MemCoin investors lost $3.8 billion

Nearly 1 million people lost a total of $3.8 billion after purchasing President Donald Trump’s MemCoin, according to cryptocurrency analytics firm Nansen.

The New York Times reported that Nansen’s analysis is based on publicly visible transactions on the blockchain, which show that 988,905 accounts had lost money on memecoin as of the end of June. That represents about two out of every three Trump buyers.

On Sunday, the Trump dollar was trading at $1.69, down about 98% from its high of $75.35.

Trump announced the memecoin three days before his inauguration in 2025. He previously co-founded a cryptocurrency startup, World Liberty Financial, with his sons. The value of the $WLFI token has also declined significantly.

In a recent financial disclosure, the president revealed that he earned $636 million from the Trump meme, which represents nearly half of the $1.4 billion the president made from the cryptocurrency industry last year.

Under the Trump administration, the SEC said it would no longer regulate memecoins as securities, and dropped a number of lawsuits against cryptocurrency companies. “President Trump has proudly made the United States the cryptocurrency capital of the world,” a White House spokesperson told the New York Times.