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Trump Reports $1.4 Billion in Crypto Income as Nearly 1 Million Buyers Lose $3.8 Billion on His Memecoin

The gap between large payouts to insiders and heavy retail losses has prompted ethics groups to flag conflicts as the administration shapes crypto rules.

Overview

  • Federal disclosures filed for 2025 show President Trump reported at least $1.4 billion in crypto-related income from projects including the Official Trump memecoin and World Liberty Financial.
  • Blockchain analysis from Nansen, published through the end of June, finds 988,905 wallets that bought the TRUMP memecoin are down about $3.81 billion in total losses.
  • Nansen’s data shows a small group of early buyers captured roughly $4.04 billion in gains while the token fell about 96–97% from its January 2025 peak, illustrating how launch mechanics concentrated upside for insiders.
  • World Liberty Financial’s governance token WLFI is also deeply underwater on secondary markets with about 85% of tracked wallets holding losses totaling roughly $83 million.
  • President Trump told CNBC there was nothing illegal about the earnings and said he had delegated day-to-day business control to his sons, while ethics groups and reporters call for oversight as the administration advances crypto-friendly policy and industry political spending grows.