Nearly one million TRUMP wallets show cumulative losses of $3.81 billion as of the end of June, according to Nansen. President Trump nevertheless received $636 million thanks to this same token, his annual financial declaration reveals. The distribution of gains nevertheless leans clearly to one side.
In brief
- Nearly a million wallets, or two out of three buyers, showed losses on the TRUMP token at the end of June, for a total of $3.81 billion.
- Donald Trump declared $636 million in revenue related to this token in his annual financial statement, released on June 30 by the Office of Government Ethics.
- The TRUMP token is trading around $1.78, down 97% since its January 2025 peak.
Losses concentrated among the most recent buyers
Out of 1.48 million wallets that purchased the TRUMP token, 988,905 showed losses at the end of June. This total also includes latent losses on tokens still held.
The very first buyers concentrate most of the gains. They entered below the dollar mark, before the token soared to $75 two days later.
Across all portfolios, gains and losses almost offset each other. The net balance reaches approximately $236 million.
This amount represents barely a third of the 636 million that Trump declared. These figures come from a report from The Block.
Why does Trump's financial statement reignite the controversy?
The 927-page asset declaration details the origin of this income. Published on June 30 by the Office of Government Ethics, it lists payments passing through CIC Digital LLC.
These amounts are in addition to hundreds of millions of dollars linked to World Liberty Financial. This decentralized finance project is partly owned by the Trump family.
Donald Trump has, however, already dismissed criticism of this income. He claims that outside institutions manage his money, for the benefit of the entire crypto sector.
White House spokesperson Anna Kelly defends this assessment. She says the administration is acting in the best interests of Americans.
The WLFI token, linked to the same project, displays a comparable record. Nansen tracks 26,663 wallets that purchased WLFI on secondary markets.
Among them, 85% are in loss. These losses reached $83 million against $23 million in gains.
The broader decline in the crypto market also amplifies this contrast. Bitcoin has fallen about 50% since its October record above $126,000, bringing the capitalization of the TRUMP token to $425 million, compared to nearly $15 billion at its January 2025 peak.
The pushback comes as Congress considers the CLARITY Act. Senator Kirsten Gillibrand is pushing to prohibit elected officials from issuing tokens, a provision already excluded from the GENIUS law when it was adopted last year.
This contrast between presidential income and losses of small investors continues to fuel criticism of the regulation of cryptos issued by public officials, a subject that Congress has not yet decided.
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