Nansen: Nearly 1 Million TRUMP Meme Coin Wallets Sit on $3.81B in Losses

Nearly one million wallets that bought the TRUMP meme coin are now sitting on a combined $3.81 billion in unrealized losses, according to on-chain data from Nansen cited by BeInCrypto. The figures suggest the token, launched around Donald Trump’s presidential inauguration in January, has completed a boom-and-bust cycle typical of politically themed memecoins.

The token generated intense speculative demand in its early days, drawing in retail traders hoping to capitalize on the buzz surrounding the incoming administration. Nansen’s wallet-level analysis, however, indicates that the vast majority of buyers entered after the initial price spike and are now underwater on their positions.

A familiar memecoin pattern

Meme coins tied to high-profile figures or events often follow a sharp rally driven by hype and social media attention, followed by a prolonged decline once early buyers and insiders take profits. The scale of losses reported by Nansen, spread across close to a million distinct wallets, underscores how widely distributed the token’s retail participation was.

BeInCrypto frames the current state of TRUMP as evidence that its speculative cycle may be largely complete, with the token having moved from a period of explosive gains into a phase where the majority of holders are now nursing losses rather than chasing further upside.

Part of a broader Trump-linked crypto slump

The losses on TRUMP add to a pattern seen across other crypto assets associated with the Trump family. Holders of World Liberty Financial’s WLFI token have also reported being underwater, according to prior CreamCoin reporting, suggesting that broader market conditions and waning retail enthusiasm — rather than issues specific to any single token — may be weighing on Trump-branded crypto projects collectively.

Nansen’s data does not specify how many of the affected wallets have since exited their positions versus continuing to hold at a loss, leaving open the question of whether further sell pressure could emerge if sentiment deteriorates further. For now, the $3.81 billion figure stands as one of the clearest snapshots yet of how costly speculative memecoin trading has been for the token’s buyers.

Read more: Trump Memecoin Buyers Sit on $3.8B in Losses as WLFI Holders Also Underwater