The New York Times, citing Nansen data, said about two-thirds of buyers were underwater as the meme coin fell 97% from its peak.
TRUMP meme coin investors had accumulated $3.81 billion in losses by the end of June, with about 989,000 wallets holding the token in the red, according to The New York Times, which cited blockchain analytics firm Nansen. Those loss-making wallets represented roughly two-thirds of all buyers. The report also said the token had fallen 97% from its peak, underscoring the steep drawdowns that can hit meme coins, a highly speculative corner of the crypto market driven largely by sentiment and momentum.