How Nearly a Million Investors Lost $3.8 Billion on the $TRUMP Memecoin

Blockchain analysis by Nansen traced 988,905 retail accounts losing $3.8 billion on $TRUMP through June 2026. Two-thirds of buyers ended underwater after the token peaked at $75.35 in January 2025, then collapsed 98% to $1.69. On-chain data—transaction records auditable on public blockchains—revealed the scale of losses with precision that wallet pseudonymity normally obscures.