NYT: Nearly 1M investors lost an estimated $3.8B on Trump meme coin

The New York Times (NYT) reported that about one million investors in U.S. President Donald Trump's meme coin, TRUMP, have lost money, with total losses estimated at $3.81 billion, citing a report from crypto analytics firm Nansen. The NYT noted that Trump himself profited to the tune of $636 million from the coin, part of at least $2.2 billion in earnings from all his business ventures in 2025. He reportedly promoted the coin on his Truth Social account, urging people to buy, and was able to profit regardless of its price movement. According to Nansen's data, 988,905 buyers—or two out of every three—recorded losses, with their cumulative losses totaling $3.81 billion. One investor lamented that the situation was tantamount to a legal scam. According to CoinMarketCap, TRUMP is currently trading at $1.77, up 0.71%, but remains down approximately 97% from its all-time high of $75.35.