Nansen: TRUMP token holders lose $3.81B as most late buyers end underwater

| coinpaper.com
Blockchain analytics firm Nansen says the TRUMP token’s drawdown reached $3.81B by end-June 2026. It analyzed on-chain purchases and found 988,905 of about 1.48M TRUMP-buying wallets finished in losses (around two-thirds of holders), counting both realized and unrealized losses. About 500,000 wallets—mostly earlier buyers—together gained roughly $4B. The gap was timing-driven: some bought before a sharp rally, while many late buyers entered after the reversal, when the TRUMP token was already far below its early-2025 peak. At the time of the analysis, TRUMP traded near $1.76, down ~97% from its $75.35 all-time high shortly after launch. The report also highlights that Donald Trump and family disclosed crypto income above $636M from TRUMP in 2025, with total crypto asset income exceeding $1.4B. Together, the on-chain loss concentration and the disclosed earnings have renewed scrutiny around project-linked revenue and retail downside. For traders, the TRUMP token data reinforces a common momentum-to-retail-trap pattern: sharp pumps can leave most late participants underwater, increasing the risk of continued volatility and thinner liquidity after major drawdowns.
Bearish
Nansen’s wallet-level results show the TRUMP token’s post-launch rally benefited a smaller early group while most late buyers still hold losses. That distributional skew typically supports bearish positioning: it can keep selling pressure elevated when prices struggle to recover, and it also raises the chance of repeated volatility as retail sentiment is repeatedly “trained” by large drawdowns. The disclosed large TRUMP-related earnings (from filings) may add headline attention, but it doesn’t directly improve token fundamentals for most holders. In the short term, traders may treat this as a warning against chasing momentum in the TRUMP token. In the longer run, persistent underperformance vs the launch peak can cap recovery attempts, especially if liquidity remains thin after pumps.