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Investors face $4.7 billion in losses across Trump-linked crypto ventures

Public Citizen said much of the $4.7 billion figure is unrealized losses, including $3.2 billion tied to TRUMP memecoin buyers and about $450 million in paper losses on Trump Media's bitcoin holdings.

Reported · Written up by our desk · Regulation

Investors are at least $4.7 billion underwater across five Trump-linked crypto products, an estimate cited by advocacy group Public Citizen, according to a report summarized by The Block on Aug. 28, 2026.

The report said the losses are largely unrealized, meaning tokens and crypto holdings have declined in value but may not have been sold yet. It also included realized losses where trading data allowed measurement.

The largest component was $3.2 billion in losses among TRUMP memecoin buyers, Public Citizen said, estimating that about 1 million of roughly 1.6 million retail wallets that bought the token on decentralized exchanges were underwater. The group also estimated only about $400 million of those losses had been realized through sales.

Public Citizen further said the estimate includes at least $1.0 billion tied to WLFI and a $450 million paper loss on Trump Media's bitcoin holdings. The Block noted the TRUMP memecoin reached an all-time high of $73.43 in January 2025 before falling to about $2.73 as of Friday, and that the report attributed early retail gains largely to wallets that purchased in the token’s first two days.

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