Nearly 1 million $TRUMP memecoin investors lost $3.8 billion while Trump earned $636 million, report finds

Of the 1.48 million wallets that bought the $TRUMP memecoin since it launched just three days before Trump's second inauguration last year, about 66%, or 988,905 wallets, had lost money by the end of June.

According to data from blockchain analytics firm Nansen, the combined losses were $3.81 billion, reported the New York Times.

President Trump has raked in hundreds of millions of dollars from his signature cryptocurrency while his supporters have largely been left holding the bag, according to a report.