WASHINGTON, July 5, 2026, 16:07 EDT
- Nansen data put $TRUMP losses at $3.81 billion across 988,905 wallets through June, while profitable wallets were up $4.04 billion.
- Trump’s latest disclosure, released by the U.S. Office of Government Ethics on June 30, listed more than $635 million from his memecoin business and more than $1.4 billion from crypto ventures.
- At last quoted U.S. equity prices, the reported memecoin payout was larger than American Bitcoin Corp.’s NASDAQ:ABTC market value and equal to about 27% of Trump Media & Technology Group’s NASDAQ:DJT market value.
President Donald Trump’s $TRUMP memecoin has turned into a cleaner market read on the family’s crypto trade than the political fight around it: Trump reported a payout of roughly $636 million from the coin, while nearly one million wallets that bought it were down a combined $3.81 billion through June, according to Nansen data reported by CoinDesk and The New York Times.
The gap matters for investors because the reported payout is now larger than the equity value of one listed Trump-linked crypto company. American Bitcoin Corp. NASDAQ:ABTC, backed by Donald Trump Jr. and Eric Trump, last traded with a market value of about $572 million. Trump Media & Technology Group NASDAQ:DJT, the Truth Social parent and a bitcoin-linked public stock, last traded at a market value of about $2.36 billion.
| $TRUMP holder group | Wallets | Combined result | Average per wallet |
|---|---|---|---|
| Wallets in loss | 988,905 | -$3.81 bln | about -$3,853 |
| Wallets in profit | 492,285 | +$4.04 bln | about +$8,207 |
| Net of both groups | about 1.48 mln | about +$236 mln | about +$159 |
Nansen said the winners were concentrated among early buyers, while later buyers took the hit. CoinDesk said 492,285 profitable wallets were up $4.04 billion, with gains centered on buyers who entered in the first hours, when the token traded below $1 before a near-$75 high two days later.
$TRUMP traded near $1.69 on Sunday, according to Binance, down from an all-time high of $75.35. That leaves the token down about 98% from the peak. U.S. cash equities were not trading Sunday; NYSE and Nasdaq also listed July 3 as closed for the Independence Day observance.
| Trump-linked asset or income stream | Latest figure | Investor comparison |
|---|---|---|
| Trump memecoin royalties | more than $635 mln | About 111% of American Bitcoin’s market value; about 27% of Trump Media’s market value. |
| Trump Media & Technology Group NASDAQ:DJT | $8.54; $2.36 bln market cap | Stock is the largest listed Trump-linked equity in this comparison. |
| American Bitcoin Corp. NASDAQ:ABTC | $0.5617; $572 mln market cap | Reported memecoin royalties exceed the company’s market value. |
| AI Financial Corp. NASDAQ:AIFC, formerly ALT5 Sigma | $0.6012; $76 mln market cap | Reuters has tied its World Liberty token purchase to more than $500 mln sent to the Trump family. |
The White House has rejected conflict-of-interest claims. “Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest,” spokeswoman Anna Kelly told AP. Treasury Secretary Scott Bessent told CBS News, “I don’t think there’s an appearance problem,” when asked about Trump’s crypto earnings. AP News
The disclosure issue is bigger than $TRUMP. Trump reported more than $550 million from World Liberty Financial token sales, about $260 million from sales of interests in that business and more than $635 million from CIC Digital, the memecoin business, according to TIME’s review of the filing.
World Liberty’s WLFI token adds another loss channel. CoinDesk said 85% of WLFI secondary-market wallets were underwater, and The New York Times report said World Liberty’s coin traded at 5.7 U.S. cents, down 82% since September.
Reuters reported in June that the Trump family had made $2.3 billion from crypto with little-to-no downside risk, while outside investors had lost $2.3 billion, including paper losses, as of the end of April. Seoyoung Kim, associate professor of finance at Santa Clara University, called the startup costs “small amounts.” Duke finance professor Campbell Harvey said one World Liberty token sale looked like “insiders were dumping.” Reuters
For holders of Trump-linked public stocks, the issue is no longer just token price. It is whether public-market investors are buying operating exposure, bitcoin exposure, or political-brand exposure after the largest cash gains already went to private or insider-linked vehicles.
