Investors in Trump-linked crypto products are sitting on at least $4.7B in losses, according to a new Public Citizen analysis, even as Trump himself reported making at least $1.4B from crypto last year.

What’s the Scoop?

• Adding Up the Damage: Public Citizen estimates the losses at $3.2B from TRUMP, at least $1B from WLFI, $450M from Trump Media’s Bitcoin treasury, and $9.3M from Trump NFTs, while USD1 holders have suffered essentially no losses thanks to its dollar peg. Together, that puts investors at least $4.7B underwater.

• How They Got There: The largest figure comes from Nansen, which found roughly 1M of 1.6M retail wallets trading TRUMP on Solana DEXs were underwater by a combined $3.2B. For…