Trump Supporters Face Major Losses as Bitcoin Plummets 50%

WHO:

The Daily Beast - President Donald Trump, Donald Trump Jr., Eric Trump, Nicholas Pinto, Al Green

99 Bitcoins - Trump family

WHAT:

The Daily Beast - Trump’s memecoin, $TRUMP, has been promoted with a heavily altered picture of the president, making him appear much younger and trimmer than he actually is.

Forbes - Trump’s memecoin has plunged 98% from its peak price of $75.35, now trading at $1.76.

Newsweek - Trump claims he has "saved" crypto, but some believe he could do more to halt Bitcoin's ongoing decline.

NewsBTC - Trump is scheduled to deliver a keynote address at the Bitcoin Conference in Nashville, which is expected to put crypto policy back in the political spotlight.

NY Post - Bitcoin experienced a bounce back after Trump referred to himself as "a big crypto guy" and gave a positive response regarding digital assets becoming part of his newly-launched Trump Accounts.

The Daily Beast - Trump’s memecoin, $TRUMP, has plunged 97% in value, trading at $1.76.

99 Bitcoins - Trump's family cleared over $1 billion from crypto in 2025.

Yahoo Finance - Trump made $636 million from the memecoin, profiting whether the currency was being bought or sold.

Forbes - Shares of American Bitcoin have dropped 96% from their peak.

Forbes - The president’s memecoin is off 98%, Melania’s version has dropped 99%, and shares of American Bitcoin are down 95%.

Forbes - The Trumps have cashed out $1.9 billion and are still up $3.1 billion overall, while their supporters are down an estimated $7 billion.

The Daily Beast - Trump’s memecoin has plunged 97% in value, trading at $1.76.

Forbes - Shares of American Bitcoin have dropped 96% from their peak.

Forbes - Trump Media shares are down 89% from their peak, while World Liberty tokens have fallen 82%.

Forbes - The Trumps have cashed out $1.9 billion and are still up $3.1 billion overall, while their supporters are down an estimated $7 billion.

Yahoo Finance - Trump made $636 million from the memecoin, profiting whether the currency was being bought or sold.

Forbes - Trump Media shares are down 89% from their peak, World Liberty tokens have fallen 82%, the president’s memecoin is off 98%, Melania’s version has dropped 99%, and shares of American Bitcoin are down 95%.

Forbes - The Trumps have cashed out $1.9 billion and are still up $3.1 billion overall, while their supporters are down an estimated $7 billion.

The Daily Beast - Trump made $2.2 billion in new money from all his businesses in 2025.

The Daily Beast - $TRUMP rose to a peak price of $75.35.

The Daily Beast - An investor, Nicholas Pinto, lost half of the $500,000 he invested in $TRUMP.

The Daily Beast - Nearly 1 million investors in Trump's memecoin lost a total of $3.8 billion.

The Daily Beast - Trump made $636 million from the memecoin.

99 Bitcoins - Trump's family cleared over $1 billion from crypto in 2025.

99 Bitcoins - Bitcoin crashed 50% from its all-time high (ATH) of $126,000.

WHERE:

The Daily Beast - Trump National Golf Course, Sterling, Virginia, U.S.

WHEN:

The Daily Beast - Trump announced the $TRUMP memecoin in January 2025.

The Daily Beast - The memecoin gala took place on May 22, 2025.

The Daily Beast - The memecoin had plunged 97% in value, trading at $1.76 as of a recent Friday.

WHY:

Alternet - Al Green accused Trump of running a memecoin Ponzi scheme during a congressional hearing, stating, "We have legalized a Ponzi scheme known as a memecoin... and the president of the United States of America is engaged in this activity."

The Daily Beast - Al Green accused Trump of running a memecoin Ponzi scheme during a congressional hearing, stating, "We have legalized a Ponzi scheme known as a memecoin... and the president of the United States of America is engaged in this activity."

The Daily Beast - Al Green accused Trump of running a memecoin Ponzi scheme during a congressional hearing in June.

The Daily Beast - Trump has changed his position on cryptocurrency, previously stating in 2019 that he was not a fan of Bitcoin and other cryptocurrencies.

The Daily Beast - Al Green accused Trump of running a memecoin Ponzi scheme during a congressional hearing.

HOW:

Forbes - Eric Trump and Donald Trump Jr. have adopted their father's business strategies, striking a deal with a data-center company for 20% of its bitcoin-mining machines, rebranding the business as American Bitcoin.

Forbes - Eric Trump and Donald Trump Jr. run World Liberty Financial, which oversees the Trump family crypto fortune.

Forbes - Eric Trump and Donald Trump Jr. struck a deal with a data-center company for 20% of its bitcoin-mining machines, rebranding the business as American Bitcoin.

The Daily Beast - Trump launched a crypto start-up called World Liberty Financial with his sons, which sells a currency called $WLFI.

The Daily Beast - Trump promoted the memecoin with a heavily altered picture of himself.

(UPDATED July 6, 2026 21:23 UTC)

Trump's memecoin, $TRUMP, has been promoted with a heavily altered image of him, making him look significantly younger and trimmer, but it has plunged 98% from its peak price of $75.35 to just $1.76. Amidst accusations from Al Green that Trump is running a memecoin Ponzi scheme, Trump is scheduled to deliver a keynote address at the Bitcoin Conference in Nashville, which could bring crypto policy back into the political spotlight. Meanwhile, Eric Trump and Donald Trump Jr. are following in their father's footsteps by striking a deal with a data-center company for 20% of its bitcoin-mining machines, rebranding the venture as American Bitcoin.

(UPDATED July 6, 2026 19:30 UTC)

Trump's memecoin, $TRUMP, has seen a staggering decline of 97%, now trading at $1.76, while the Trump family has reportedly cleared over $1 billion from crypto in 2025. Despite the downturn, Trump made $636 million from the memecoin, profiting whether it was being bought or sold, while his family has cashed out a total of $1.9 billion and remains up $3.1 billion overall. Meanwhile, during a congressional hearing, Al Green accused Trump of running a memecoin Ponzi scheme, asserting that "we have legalized a Ponzi scheme known as a memecoin... and the president of the United States of America is engaged in this activity."

(UPDATED July 6, 2026 16:05 UTC)

Trump's memecoin has seen a staggering decline, plummeting 97% in value to trade at $1.76, while shares of American Bitcoin have dropped 96% from their peak. In addition, Trump Media shares are down 89%, and World Liberty tokens have fallen 82%, as the Trumps have cashed out $1.9 billion, leaving their supporters with an estimated loss of $7 billion. During a congressional hearing, Al Green accused Trump of running a memecoin Ponzi scheme, claiming that the president is engaged in this controversial activity.

(UPDATED July 6, 2026 14:11 UTC)

Trump Media shares have plummeted 89% from their peak, while World Liberty tokens have dropped 82%, and the president's memecoin is down a staggering 98%. Despite these declines, the Trumps have cashed out $1.9 billion and remain up $3.1 billion overall, although their supporters have lost an estimated $7 billion. In a strategic move, Eric Trump and Donald Trump Jr. have partnered with a data-center company to acquire 20% of its bitcoin-mining machines, rebranding the venture as American Bitcoin.

(UPDATED July 6, 2026 08:24 UTC)

Trump generated an impressive $2.2 billion in new revenue from his businesses in 2025, while his cryptocurrency, $TRUMP, reached a peak price of $75.35. However, not all investors fared well, as Nicholas Pinto lost half of his $500,000 investment in $TRUMP. This comes amid accusations from Al Green, who claimed during a congressional hearing in June that Trump was running a memecoin Ponzi scheme.

(UPDATED July 5, 2026 23:23 UTC)

President Trump, along with his sons Donald Jr. and Eric, has faced significant backlash after nearly 1 million investors in his memecoin lost a staggering $3.8 billion, while Trump himself profited $636 million from the venture. The memecoin, which was announced in January 2025, has seen a dramatic decline, plunging 97% in value to trade at $1.76 recently, following Bitcoin's crash of 50% from its all-time high of $126,000. Additionally, Al Green has accused Trump of running a Ponzi scheme related to the memecoin during a congressional hearing, raising questions about the legitimacy of his cryptocurrency endeavors.