When Donald Trump’s $TRUMP memecoin crashed from $77 to barely $11 in less than six months, it wiped out hundreds of thousands of regular investors who’d bought into the hype. The token’s market cap plummeted from $9 billion to around $2 billion, leaving 760,000 retail holders nursing massive losses while Trump-linked entities pocketed $320 million in fees.
The numbers tell a brutal story. Only 58 wallets made over $10 million each from the token’s wild ride. Guess who controlled most of those? Meanwhile, Trump’s organization sits on roughly 80% of the total supply. Nice work if you can get it.
58 wallets made millions while Trump’s organization hoarded 80% of the supply
The exodus started slowly, then turned into a stampede. High-profile wallets dumped their holdings, negative headlines piled up, and suddenly everyone wanted out. Media coverage exploded after Trump’s cozy dinners with major token holders hit the news. Even crypto insiders, who usually stick together, started calling out the whole operation as sketchy.
Lawmakers are having a field day with this mess. They’re calling Trump’s crypto ventures a “regulatory time bomb” and questioning how foreign money might flow through these loosely regulated channels. The ethical concerns are obvious – a sitting president running private crypto schemes while making policy decisions about the industry. What could possibly go wrong?
Despite the memecoin disaster, Trump’s broader crypto empire pulled in serious cash. World Liberty Financial generated $400 million. Trump Media & Technology Group raised $2.44 billion, supposedly for Bitcoin investments instead of building that social media platform they promised. The whole operation was valued at nearly $1 billion by mid-2025. Trump’s financial disclosure revealed he earned over 57 million dollars from World Liberty token sales alone.
Industry executives are sweating bullets. They spent years building relationships in Washington, pushing for sensible regulation, trying to go mainstream. Then Trump bulldozes in, turns crypto into his personal ATM, and threatens to wreck everything they’ve worked for. The SEC’s recent move to drop lawsuits against major crypto firms came just as Trump’s personal ventures were ramping up, raising eyebrows about timing and influence.
The irony is thick. Trump promised to make crypto great again. Instead, he made it radioactive for regular investors who trusted him with their savings and got burned. Some upheaval.
References
- https://www.politico.com/news/2025/05/28/crypto-trump-industry-memecoin-00372101
- https://fortune.com/crypto/2025/06/16/trump-financial-disclosures-crypto-world-liberty-financial/
- https://www.coindesk.com/business/2025/06/14/trump-s-empire-pulled-in-usd57m-from-family-linked-crypto-firm-last-year-filing-shows
- https://www.ainvest.com/news/donald-trump-crypto-empire-golden-opportunity-regulatory-time-bomb-2506/
- https://www.counterpunch.org/2025/06/20/trumps-crypto-card-monte/