Trump-linked crypto ventures cause $4.7B in losses

Trump-linked crypto ventures caused $4.7B in investor losses, mainly from the TRUMP memecoin, while Trump reportedly earned hundreds of millions from related fees and sales.

A recent report from Public Citizen reveals that investors in crypto projects linked to Donald Trump and his family have suffered estimated losses exceeding $4.7 billion since 2022. The majority of these losses stemmed from the Official Trump (TRUMP) memecoin, which accounted for $3.2 billion. Notably, 65% of TRUMP holders are reportedly at a loss, while just 1% of wallets captured 80% of the profits. Additional losses were associated with World Liberty Financial’s WLFI governance token and Trump Media’s digital-asset treasury. In contrast, buyers of the USD1 stablecoin largely avoided significant losses. Despite these setbacks for investors, Trump reportedly earned substantial sums from these ventures, including $7.2 million from NFT licensing fees and royalties, over $600 million from World Liberty token sales and equity, $635 million in memecoin licensing fees, and $197 million from capital contributions to World Liberty. The report has sparked renewed calls for ethics rules in crypto legislation, urging that presidents and their families divest from such projects.