Trump-Linked Crypto Ventures Have Caused at Least $4.7 Billion in Investor
Crypto ventures linked to U.S. President Donald Trump and his family have resulted in at least $4.7 billion in investor losses since 2022, according to a report from consumer advocacy group Public Citizen. Most of the losses identified in the report are unrealized, meaning investors have not necessarily sold the assets at a loss.
The findings were reported in an Aug. 27 publication and information shared on X by @WuBlockchain, citing CoinPost. Public Citizen’s analysis covers several crypto-related ventures associated with Trump and his family, including NFT trading cards, World Liberty Financial (WLFI), the TRUMP token, USD1 and Trump Media’s cryptocurrency treasury strategy.
The TRUMP token accounted for the largest estimated portion of the losses, according to the report.
TRUMP Token Accounts for $3.2 Billion in Estimated Losses
Public Citizen estimated that investors in the TRUMP token have suffered approximately $3.2 billion in losses.
Data from Nansen cited in the report showed that about 1 million of the 1.6 million Solana wallets that purchased TRUMP were holding unrealized losses.
The figures reflect the difference between the value of the tokens and the prices at which they were acquired, rather than losses realized through completed sales. As a result, the reported losses could change depending on subsequent movements in the token’s market value and whether holders sell their positions.
The scale of the estimated losses makes the TRUMP token the largest contributor to the overall $4.7 billion figure identified by Public Citizen.
WLFI and Trump Media Holdings Also Included
Public Citizen also estimated at least $1 billion in losses associated with WLFI.
WLFI is among the crypto ventures included in the report’s broader assessment of projects connected to Trump and his family. The analysis also examined Trump Media’s cryptocurrency treasury strategy.
Trump Media was estimated to have about $450 million in unrealized losses associated with its holdings of 9,477 BTC, according to Public Citizen.
The inclusion of Bitcoin holdings in the calculation reflects the difference between the value of Trump Media’s reported holdings and their relevant acquisition or accounting basis, as assessed in the report. Because the losses are described as unrealized, they do not necessarily represent permanent losses unless the assets are sold below their acquisition value.
The report also examined NFT trading cards and USD1 as part of its assessment of Trump-linked cryptocurrency ventures since 2022.
Trump Reported $1.4 Billion in Crypto-Related Income
The report also pointed to the financial benefits generated by Trump’s crypto-related activities.
According to the information provided, Trump reported at least $1.4 billion in income from related crypto businesses in his 2025 financial disclosure.
The figure provides a contrasting measure to the losses identified among investors. While Public Citizen’s report focused on estimated investor losses across several Trump-linked crypto ventures, the financial disclosure figure reflects income reported by Trump from related businesses.
The report therefore examines both sides of the financial activity surrounding the ventures: income reported by Trump and estimated unrealized losses among investors.
Public Citizen Examines Trump-Linked Crypto Activity
Public Citizen’s analysis covers crypto projects and strategies associated with Trump and his family dating back to 2022. The report includes NFT trading cards, WLFI, TRUMP, USD1 and Trump Media’s Bitcoin treasury strategy.
The organization’s estimated $4.7 billion in investor losses is largely based on unrealized losses, meaning the figure does not necessarily represent cash that investors have permanently lost.
Markets prices for digital assets can fluctuate significantly, and the value of unrealized positions changes as prices move. Consequently, the estimated loss figure represents the conditions examined in the report rather than a fixed final amount.
The findings nevertheless highlight the substantial financial scale surrounding Trump-linked cryptocurrency ventures. The TRUMP token alone represented an estimated $3.2 billion in investor losses, while Public Citizen attributed at least $1 billion to WLFI and approximately $450 million in unrealized losses to Trump Media’s 9,477 BTC holdings.
The figures add to growing scrutiny of the financial activity surrounding Trump and his family’s involvement in the cryptocurrency sector.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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