Trump-Backed Crypto Ventures Leave Investors $4.7 Billion in the Red
A report by Public Citizen, a U.S. consumer advocacy nonprofit and think tank, claims that President Donald Trump's cryptocurrency ventures have resulted in at least $4.7 billion in investor losses since 2022.
The bulk of the losses stem from memecoin investments, which account for an estimated $3.2 billion of the total. The report mentions several projects tied to the Trump family, including the World Liberty Financial governance token WLFI, Trump NFT Trading Cards, the TRUMP memecoin, and Trump Media's digital asset fund.
The analysis covers a period of rapid expansion in Trump-branded crypto offerings, from initial NFT collections in late 2022 to the launch of the TRUMP memecoin in early 2025. The report suggests that retail investors who bought these tokens near their peaks have faced significant drawdowns.