Trump-Linked Crypto Investors Face $4.7B in Paper Losses, Public Citizen Reports
What happened: Advocacy group Public Citizen released a report estimating that investors are $4.
What happened: Advocacy group Public Citizen released a report estimating that investors are $4.7 billion underwater across five Trump-affiliated crypto ventures, including the TRUMP memecoin, World Liberty Financial ($WLFI) governance token, Trump Media's Bitcoin treasury, and Trump Digital Trading Cards. The largest losses are in the TRUMP memecoin (about $3.2B) and WLFI token (at least $1B), with most losses unrealized. Despite this, Donald Trump reportedly earned at least $1.4 billion in crypto-related income in 2025.
Why it matters: The report underscores the volatility and risk associated with celebrity-linked crypto projects, where paper losses can dwarf realized losses. While the headline figure is substantial, most losses are unrealized and could fluctuate with market conditions. The findings highlight the divergence between project insiders’ earnings and retail investor outcomes, raising questions about transparency and investor protection.
Source: The Block