Almost 1 million individuals have experienced a combined loss of $3.8 billion after purchasing President Donald Trump’s $TRUMP memecoin, as reported by cryptocurrency analytics company Nansen.

According to The New York Times, Nansen’s evaluation relies on transactions that can be seen on the blockchain, revealing that 988,905 accounts had incurred losses on the memecoin by the conclusion of June. This equates to about two-thirds of $TRUMP purchasers.

On Sunday, $TRUMP was priced at $1.69, a decline of nearly 98% from its peak of $75.35.

Trump introduced the memecoin three days prior to his inauguration in 2025. Previously, he had co-founded a crypto venture, World Liberty Financial, with his sons. The $WLFI coin has also seen a substantial drop in value.

In a recent financial report, the president disclosed that he earned $636 million from the $TRUMP memecoin, representing nearly half of the $1.4 billion he garnered from the crypto sector last year.

During the Trump administration, the Securities and Exchange Commission announced it would not treat memecoins as securities and has withdrawn several lawsuits against cryptocurrency firms. A White House representative informed the NYT, “President Trump has proudly established the United States as the crypto capital of the world.”