Trump Reaps $636 Million From $TRUMP as 988,905 Wallets Lose $3.81 Billion

3 articles · Updated · Fortune · Jul 7

Nansen data showed 988,905 of 1.48 million wallets that bought the $TRUMP memecoin were underwater by end-June, with combined losses of $3.81 billion.
Trump reported $636 million in income from the token, while Trump Organization affiliates hold about 80% of supply and collect transaction fees whenever the coin is traded.
$TRUMP traded at $1.68 on Tuesday, down 97% from its $75.35 peak, with gains concentrated among fewer than 500,000 early buyers who captured about $4 billion before the crash.
The memecoin has become part of a broader Trump crypto windfall: his latest disclosure showed $1.4 billion in crypto earnings last year, including $799 million tied to World Liberty Financial.
The White House said Trump is not involved in business decisions and denied conflicts of interest, even as the token's disclaimer says it is not an investment opportunity.