What a devastating disappointment! Investors in Donald Trump's meme coin have lost nearly $2 billion.
According to data from analytics firm Chainalysis, hundreds of thousands of investors who bought into the meme coin launched by US President Donald Trump have suffered losses totaling about $2 billion. Analysts estimate that over 800,000 crypto wallet holders have ended up in the red.
As a reminder, Trump introduced his own cryptocurrency on January 18, 2025, followed shortly after by a meme coin launched by his wife, Melania. The initiatives drew widespread criticism from leaders in the crypto industry.
Chainalysis reports that in the first 19 days following the launch, 813,294 crypto wallet holders registered losses. Market participants who paid more for the token than its current value were left in the red. Meanwhile, early buyers of the meme coin profited. According to the analytics firm, the total amount of cash-out profits reached $6.6 billion.
Despite occasional setbacks, many traders are still holding on to their loss-making tokens, with some hoping for further gains.
