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TRUMP Memecoin Crushed Retail, Enriched Insiders
TRUMP Memecoin: $3.81B Retail Losses, $636M to Trump, $4B Insider Extraction Documented
Nansen data confirmed President Trump extracted approximately $636 million from the TRUMP memecoin while approximately 988,000 retail wallets collectively lost $3.81 billion. Total insider extraction across the project reached approximately $4 billion. Senator Kirsten Gillibrand introduced legislation to ban elected officials including the President from launching or profiting from memecoins, citing the disclosed figures.
4 sources
- TRUMP Memecoin Collapse Erases $3.81B, 988K Retail Buyers Hit While Insiders Extract $4B · blockchainreporter.net · T2
- Nearly 1M wallets lose $4B on Trump’s memecoin · cryptobriefing.com · T2
- Trump earned $636 million from TRUMP token, investors faced $3.8 billion losses, Nansen data shows · en.coin-turk.com · T2
- Nearly 1 million wallets are down $3.81 billion on Trump’s memecoin: report · theblock.co · T1