Report: Trump-linked crypto ventures cost investors $4.7B in losses

A report by the consumer advocacy group Public Citizen estimates that investors in cryptocurrency ventures linked to former President Donald Trump and his family have suffered at least $4.7 billion in losses since 2022. The analysis, released on August 27, 2026, details how various digital asset projects generated substantial revenue for Trump while leaving many retail investors with significant unrealized losses.

The largest portion of the losses, approximately $3.2 billion, is attributed to the Official Trump (TRUMP) memecoin. Launched on January 17, 2025, three days before Trump’s inauguration, the token’s price surged above $73 before falling dramatically. Data cited in the report indicates that about 65% of the roughly 1.6 million Solana wallets that purchased the token are now in a position of unrealized loss. Public Citizen characterized this as a transfer of wealth from later buyers to a small group of early participants, noting that the top 1% of profitable wallets captured about 80% of all gains.

Additional losses stemmed from other Trump-linked projects. The governance token for World Liberty Financial (WLFI), a decentralized finance platform co-founded by Trump and...