The numbers are in. Cryptocurrency analytics firm Nansen has completed its tally of the Official Trump (TRUMP) meme coin buyers, and the results are stark. The report was first published by the New York Times.

As of the end of June 2026, 988,905 wallets that purchased $TRUMP have recorded losses, roughly two out of every three buyers of the coin. Their combined losses total $3.81 billion.

Nansen’s analysis was made possible by the nature of blockchain technology. Since crypto transactions are publicly recorded on a digital ledger, it allows analysts to trace purchases from individual wallets and calculate profit and loss positions at scale.

At the time of writing, the $TRUMP coin was trading at…