Donald Trump earned approximately $635 million in royalties from crypto ventures during the previous year, according to his latest financial disclosure, while more than 1.48 million cryptocurrency wallets holding Trump-linked digital assets currently show unrealized losses. Veteran investor Ross Gerber criticized the ventures after a Wall Street Journal report found that roughly two-thirds of wallets purchasing the Official Trump (TRUMP) meme coin and 85% of secondary-market buyers of World Liberty Financial (WLFI) token are underwater. The TRUMP token, launched in January 2025, lost approximately 97% of its value from a peak market cap of nearly $15 billion to around $404 million. The financial discrepancy has intensified regulatory scrutiny, with Senator Elizabeth Warren pushing for stricter rules to prevent elected officials from profiting from digital asset projects while holding public office.
Trump Earned $635 Million in Crypto Royalties as Investor Wallets Show Losses
Trump's latest annual financial disclosure revealed he earned approximately $635 million in royalty income from the crypto project during the previous year. The Wall Street Journal report found that around two-thirds of wallets that purchased the Official Trump meme coin are holding unrealized losses, totaling approximately 1.48 million cryptocurrency wallets. The report also found that roughly 85% of secondary-market buyers of the World Liberty Financial token are underwater. Ross Gerber stated that more than one million people lost money on what he described as the "Trump crypto rug pull." Cryptocurrency wallet data does not directly correspond to the number of individual investors, as a single person can control multiple wallets while some wallets may represent assets belonging to several users.
TRUMP Token Declined 97% from $15 Billion Peak Market Cap
The Official Trump meme coin experienced one of the most dramatic boom-and-bust cycles in the crypto market. After its launch in January 2025, the token's market cap surged to nearly $15 billion as retail investors rushed to buy into the project. Since then, the token lost approximately 97% of its value, reducing its market cap to around $404 million. Gerber previously described Trump's crypto ventures as a "grift" and argued that they damaged confidence in the crypto market, including Bitcoin. He believes the projects contributed to negative sentiment across the industry by reinforcing concerns that politically connected token launches primarily benefit insiders while leaving many retail investors exposed to heavy losses.
Senator Warren Pushes for Stricter Crypto Regulations on Politicians
Senator Elizabeth Warren is pushing for stricter crypto regulations to prevent elected officials and their families from personally profiting from digital asset ventures while holding public office. She has argued that stronger safeguards are needed to address potential conflicts of interest involving politicians involved in cryptocurrency projects. The criticism from opponents argues that Trump's financial success has come while many retail investors suffered massive paper losses.
FAQ
How much did Donald Trump earn from crypto ventures during the previous year?
Donald Trump's latest annual financial disclosure revealed he earned approximately $635 million in royalty income from the crypto project during the previous year.
What percentage of TRUMP token value was lost since its launch in January 2025?
The TRUMP token lost approximately 97% of its value since its launch in January 2025, declining from a peak market cap of nearly $15 billion to around $404 million.
