Trump’s Memecoin Profit Leaves Nearly One Million Investors in the Red

The $TRUMP token, which traded at $1.76 as of Friday, sits far below its all-time high of $75.35. For participants like Nicholas Pinto, who invested $500,000 and saw his holdings halved, the venture feels less like a market opportunity and more like a betrayal of trust. Pinto explicitly labeled the promotion of the token by a sitting president an "almost a legal scam." The structure of the asset ensured that Trump and his associated companies collected fees on every transaction, a mechanism that fueled his significant earnings.

White House spokesperson Anna Kelly dismissed accusations that the President profited at his supporters' expense. She maintained that the administration’s focus remains on establishing the United States as the global center for cryptocurrency, asserting that all actions taken by the President serve the national interest. Beyond the $TRUMP token, the President’s broader crypto portfolio, including the $WLFI token issued through World Liberty Financial, has also faced sharp declines. Despite these market struggles, financial disclosures reveal that Trump’s total earnings from his crypto-related business ventures reached nearly $1.6 billion in 2025, bolstered by international investment interests.