TRUMP and MELANIA Meme Coins Leave Retail Investors With $4.3 Billion Loss

The official TRUMP and MELANIA tokens have erased an estimated $4.3 billion in retail wealth, leaving roughly 2 million holders underwater. Blockchain data shows 45 early wallets captured about $1.2 billion in gains; for every dollar insiders earned, retail investors lost $20.

CryptoRank found TRUMP has plunged 92% to $3.55 from its $75 peak, while MELANIA fell 99% to $0.11 from $13.05. Although the broader crypto market lost over $1 trillion in the same period, researchers attributed the tokens’ steeper collapse to structural design rather than general market conditions.

On-chain forensics show anonymous accounts linked to the initial developers systematically drained decentralized liquidity pools. In December 2025 the TRUMP token’s primary deployment address transferred $94 million in USDC to Coinbase after using single-sided liquidity provision on the Meteora platform, a tactic that deposited only tokens and programmed the automated market maker to sell into incoming retail buys before converting assets into USDC.

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