Veteran investor Ross Gerber highlighted on Thursday a report revealing that more than one million people lost money while President Donald Trump made a fortune from those same ventures.

TRUMP Investors Left Holding Bags

Gerber cited a Wall Street Journal report, which found that approximately two-thirds of wallets that purchased the Official Trump (CRYPTO: TRUMP) meme coin—around 1.48 million—are currently holding unrealized losses.

The report also stated that 85% of secondary-market buyers of World Liberty Financial’s token remain underwater.

“Over 1 million people lost money on the trump crypto rug pull,” said the CEO of Gerber Kawasaki Wealth and Investment Management.