These two facts sound like they could hardly come from the same coin: nearly one million people lost a combined total of Rp62 trillion, while another individual - who also happens to be the face behind it - pocketed Rp10.3 trillion in profit. Yet that is the reality of the $TRUMP token according to a recent analysis by blockchain analytics firm Nansen.
988,905 Wallets in the Red, Only a Third in Profit
Nansen tracked all on-chain transactions from 1.48 million wallets that purchased $TRUMP since the token launched three days before Donald Trump’s second inauguration in January 2025. The results show that as of late June 2026, a total of 988,905 wallets - roughly two out of three buyers - remain in the red, with cumulative losses reaching Rp62 trillion. Fewer than 500,000 wallets turned a profit, generating a combined gain of approximately Rp65.2 trillion, with the vast majority of top earners being those who bought in the earliest hours before the price skyrocketed and subsequently collapsed.
The token, which once reached a market valuation of tens of billions of dollars, is now trading around $1.69 - down nearly 98% from its all-time high of $75.35. This steep drop explains why the vast majority of buyers, particularly those who entered late, ended up shouldering substantial losses.
Meanwhile, the President Pocketed Rp10.3 Trillion
The biggest irony emerges from Trump’s latest financial disclosure reports: he recorded Rp10.3 trillion in earnings from $TRUMP alone, part of the Rp22.8 trillion he amassed from all crypto activities over the past year. Trump Organization affiliates CIC Digital and Fight Fight Fight LLC reportedly control around 80% of the token’s total supply, and Trump also earns transaction fees every time the token is traded - meaning he profits regardless of whether the price rises or falls.
The Trump administration itself, via the SEC, has stated that it will not classify memecoins as securities and has dropped several lawsuits against crypto companies - policies that critics argue create a direct conflict of interest given the president’s role as the primary beneficiary of the token itself.
Numbers Hard to Ignore
This Nansen data is more than just ordinary market statistics - it highlights deeper structural questions about who truly benefits when a meme token is launched by a powerful figure and policymaker. For retail investors drawn in by the launch euphoria, the $TRUMP saga serves as a stark reminder: those who enter earliest and stay closest to information sources are typically the first to exit safely, while the vast majority are left holding the losses.
Reported by TechCrunch and Fortune.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
