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Nearly One Million Wallets Lost $3.8 Billion as Trump Disclosures Show $1.4 Billion in Crypto Receipts

On-chain analysis plus the president’s filings show concentrated token ownership with built‑in fees routing trading revenue to Trump‑linked entities, prompting ethics and oversight questions.

Overview

  • Tuesday filings released with the Office of Government Ethics and reported across outlets show President Trump and his companies received about $1.4 billion in crypto income in 2025, including roughly $636 million tied to the $TRUMP memecoin.
  • Blockchain analytics firm Nansen found about 988,905 wallets—roughly 66% of the 1.48 million buyers—had lost a combined $3.81 billion on $TRUMP by the end of June, while fewer than 500,000 holders realized roughly $4 billion in gains, reflecting early‑buyer wins.
  • The token’s design concentrated supply in Trump‑linked entities—CNN and reporting cite CIC Digital and Fight Fight Fight LLC holding about 80% of the supply—and a transaction‑fee mechanism sent revenue to those affiliated wallets whenever the coin traded.
  • $TRUMP launched three days before the president’s January inauguration after public promotion on his social accounts, surged to about $75.35 at peak and then collapsed to roughly $1.68 by late June, leaving many later buyers with steep losses.
  • The White House has denied conflicts of interest and said the president is not involved in day‑to‑day business, but reporters say on‑chain traces, concentrated ownership and a reported near‑half sale of World Liberty Financial to an Emirati‑linked investor raise new ethics and oversight questions with no immediate regulatory action reported.