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Nearly 1M investors lost $3.8B on $TRUMP memecoin

financeJul 4, 2026308,645

Crypto analytics firm Nansen estimates 988,905 buyers of the TRUMP memecoin lost about $3.81 billion through the end of June. The New York Times and other outlets report President Donald Trump personally collected roughly $635, 636 million from the token last year via trading fees and related payouts while the token collapsed, with one account saying the memecoin fell about 97% from its launch. Critics and investigators described the episode as a pump-and-dump style scheme; Popular Information and NYT coverage say a small number of early buyers captured enormous gains while the broad retail majority absorbed losses. NYT quoted Mr. Pinto calling the arrangement “almost a legal scam.” Reporting also says an investment firm tied to the United Arab Emirates purchased nearly half of the Trump crypto company and that the token generated hundreds of millions more from related token sales. The revelations have intensified allegations of corruption and prompted renewed scrutiny of Trump-linked crypto ventures and potential conflicts tied to his office.

Eric Lipton NYT
@ericlipton.nytimes.com

JUST POSTED: An updated tally is in, and the count of Trump followers turned financial losers is even bigger than first thought. Much bigger. 988,905 buyers of $TRUMP memecoin have lost a total of $3.81 billion. www.nytimes.com/2026/07/04/u...

255745d ago
Kyle Griffin
@kylegriffin1.bsky.social

Nearly one million people who bought Trump's memecoin have lost money through the end of June. Their losses total $3.81 billion. Trump walked away with a $636 million payout on the same crypto bet.

196745d ago
Quoting this
Jo Kibble (Political Animal)31

In fully-formed, mature democracies (for example, late-1990s Albania), this sort of mass elite grift at the expense of the people has led to revolt and government overthrow. But the American republic is yet young, so we must make allowances I suppose.

Stef "inclusion is a human right" Christensen7

In case people don't understand it: crypto coins have no intrinsic value. Every dollar extracted as "winnings" ultimately comes from other actors losing. If you track the flow of cash dollars, the money flows from less informed people to higher information people.

WaterBluSky 🇺🇸 🌻 🇺🇦6

Unfuckingreal. Republicans were screaming to impeach Joe Biden over his son’s $10K truck loan.

Nunsense & Shenunigans3

He shouldn’t be allowed to get away with this shameless grift In a just world, he would be prosecuted That said, it serves his idiot stans right They willingly are fleeced by Dear Leader and beg for more abuse F ‘em

stopdropendfascism.bsky.social3

Didn’t see that coming. Jk

𝙅𝙖𝙘🍩𝙗 𝙉𝙮𝙧𝙪𝙥3

Can someone run a survey experiment to figure out how many billions Trump needs to steal from his supporters and the American taxpayers before his approval rating drops below 39 percent?

WaterBluSky 🇺🇸 🌻 🇺🇦3

GO DIRECTLY TO JAIL 👉

The Almighty Tallest2

Honestly it's kind of hilarious that $3.8 billion in bagholders only resulted in $600 million for Trump! He's incompetent even at grifting.

melindamosheim2

Maggots probably don't even know they've lost money. Trump's told them it's a boon into their 401Ks! Maybe they should check on that...

Dave Braica2

No man has done more to boost Democrats than our wacko criminal President.

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