Trump Crypto Ventures Leave Investors $4.7 Billion Underwater

Investors who put their money into cryptocurrency projects tied to President Donald Trump have collectively lost at least $4.7 billion, according to an analysis by Public Citizen.

The losses span the full range of Trump's crypto footprint, including the TRUMP memecoin, World Liberty Financial's WLFI token, Trump Media's Bitcoin treasury, and Trump digital trading cards.

The largest single source of investor pain is the TRUMP memecoin, launched in January 2025. Blockchain analytics firm Nansen found that roughly 1 million of the 1.6 million retail wallets that traded the token on Solana decentralized exchanges were underwater by a combined $3.2 billion.

Public Citizen said much of the $4.7 billion figure represents unrealized losses, meaning holders are sitting on assets that have plunged in value but have not necessarily been sold. The top 1% of winning wallets captured roughly $2.7 billion in gains, which the group frames as wealth transferred from later buyers to early ones.