Close to a million investors of the Trump memecoin lost a collective $3.8 billion, even as the president disclosed $636 million in earnings

President Donald Trump earned $636 million from the $TRUMP memecoin while 988,905 investors collectively lost $3.8 billion. The coin, launched three days before Trump’s second inauguration, saw 66% of wallets hold losses by June, with its value dropping 97% from its peak. Trump’s affiliates own 80% of the token supply and profit from transaction fees.