A cryptocurrency analytics firm, Nansen, has revealed that nearly 1 million individuals have suffered losses totaling $3.8 billion after investing in President Donald Trump's $TRUMP memecoin.

The analysis, based on blockchain transactions, indicates that 988,905 accounts experienced financial loss as of June's end, representing approximately two-thirds of all buyers.The memecoin's value has plummeted to $1.69, down nearly 98% from its peak of $75.35.

Trump launched the coin three days before his 2025 inauguration, following his prior co-founding of World Liberty Financial, a crypto startup with his sons.The $WLFI coin also faced significant value declines.Trump's financial disclosures show he earned $636 million from $TRUMP, accounting for nearly half of his $1.4 billion in crypto earnings last year.The administration has opted not to regulate memecoins as securities and has dropped several crypto-related lawsuits.A White House spokesperson emphasized the administration's role in establishing the U.S.as the 'crypto capital of the world.'