Story perspectives

Nearly 1 M Investors Lose $3.8 B as Trump Coin Crashes

7/7/2026

Summary

Trump Crypto Losses

An investigation found 988,905 investors lost $3.81 billion on the TRUMP meme coin launched before U.S. President Donald Trump’s January 2025 inauguration.
Trump said he saved crypto and accused the Biden administration of weaponizing government and courting 100 million voters by turning pro-crypto.
Nansen said under 500,000 wallets earned about $4 billion, mostly early buyers, while Trump and affiliates earned $636 million in 2025 fees.
TRUMP token has dropped about 97% from its $75.35 peak.

Summary

Trump Memecoin Crash

Trump Media's SPAC shares surged 1,650 % in two days, slipped 30 %, and its stock fell 89 %.
Driver Vadim Fistikan saved $100,000, invested $205,000 in Trump’s memecoin, and saw holdings drop to $30,000, calling it a scam.
Content creator Nick Pinto invested $7,000 then $480,000 in the memecoin, attended a Trump-hosted dinner, lost $250,000, and saw tokens fall: World Liberty 82 %, Trump memecoin 98 %, Melania 99 % and American Bitcoin 95 %.

Summary

Trump Crypto Policy

The SEC paused 60% of crypto enforcement cases since President Donald Trump took office.
Europe’s MiCA rules require disclosures for any public crypto asset, exposing a U.S. regulatory gap.
Trump signed the GENIUS Act in mid-2025, creating a framework while leaving $TRUMP memcoins unregulated.
Senator Kirsten Gillibrand proposed a bill banning officials and spouses from crypto token promotion.
Nansen reports $TRUMP retail losses were nearly four times early-2026 DeFi-hack losses.

Summary

Trump Token Collapse

U.S. President Donald Trump’s companies CIC Digital and Fight Fight Fight LLC own 80% of the $TRUMP token supply.
The token was advertised as “rug-pull-proof,” forcing Trump and the first lady to spread sales over three years.
In May, Trump held a black-tie dinner for the 220 biggest $TRUMP holders and gave a VIP reception.
CoinMarketCap listed $TRUMP at a $15 billion valuation at launch, then it collapsed 97%.

History

Historical Context

After the 2017-18 ICO boom—exemplified by Block.one’s record $4 billion sale—U.S. regulators began labeling many token sales securities, with the SEC issuing warnings in 2018. Daily Ethereum ICOs in 2017 raised millions and attracted fraud, intensifying regulator concern. That crackdown set the stage for recent meme-coin crashes, prompting Senator Kirsten Gillibrand to draft legislation banning official crypto promotion.

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Trump Crypto Losses

An investigation found 988,905 investors lost $3.81 billion on the TRUMP meme coin launched before U.S. President Donald Trump’s January 2025 inauguration.
Trump said he saved crypto and accused the Biden administration of weaponizing government and courting 100 million voters by turning pro-crypto.
Nansen said under 500,000 wallets earned about $4 billion, mostly early buyers, while Trump and affiliates earned $636 million in 2025 fees.
TRUMP token has dropped about 97% from its $75.35 peak.

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