A Public Citizen report estimates that investors in cryptocurrency ventures tied to U.S. President Donald Trump and his family have suffered at least $4.7 billion in losses since 2022, with the majority of those losses remaining unrealized. The findings were highlighted by @WuBlockchain in a post on X, citing an Aug. 27 report from the consumer advocacy group.

The assessment spans several Trump-linked ventures and strategies, including NFT trading cards issued under Trump's brand, World Liberty Financial (WLFI), the crypto venture launched by the Trump family in 2024, the TRUMP token, the USD1 stablecoin, and Trump Media's cryptocurrency treasury strategy. Public Citizen, a Washington-based consumer advocacy nonprofit founded in 1971, has long focused on corporate and political accountability, and its accounting adds to ongoing debate in Washington over the overlap between a sitting president's family businesses and the crypto industry.

TRUMP Token Accounts for the Largest Share of Estimated Losses

The TRUMP token represents the largest portion of the estimated investor losses, at approximately $3.2 billion, according to the report. The token launched on Solana in January 2025 and, as the wallet figures indicate, reached a broad base of mostly retail buyers, a pattern typical of memecoins, whose value tends to rest on brand affiliation and speculative trading rather than underlying cash flows or revenue.

Nansen, a blockchain analytics firm, provided the wallet data cited by Public Citizen showing that about 1 million of the 1.6 million Solana wallets that purchased TRUMP currently hold the token at an unrealized loss. Such losses reflect a decline in the value of the assets based on current prices and do not necessarily indicate that investors have sold their holdings.

The figures make TRUMP the single largest contributor to the overall $4.7 billion estimate compiled by Public Citizen. The organization examined the token alongside other digital assets and businesses connected to Trump and his family.

WLFI and Trump Media Add to the Estimated Losses

Public Citizen also estimated at least $1 billion in losses associated with World Liberty Financial (WLFI), a cryptocurrency venture linked to the Trump family that began selling tokens to the public in late 2024.

Trump Media's cryptocurrency treasury strategy was another major component of the report. Trump Media & Technology Group, the Nasdaq-listed parent of Truth Social, adopted a Bitcoin treasury approach in 2025, following a corporate playbook pioneered by software firm Strategy (formerly MicroStrategy), in which companies hold Bitcoin on their balance sheets and their results move with the cryptocurrency's market price. Public Citizen estimated approximately $450 million in unrealized losses tied to Trump Media's 9,477 BTC holdings.

The Bitcoin figure represents an unrealized decline in value rather than a realized loss from assets that have been sold. The distinction matters because market prices can change without resulting in an actual transaction or a finalized loss.

Trump-linked NFT trading cards and the USD1 stablecoin were also examined as part of the broader assessment of the financial performance of the ventures. USD1, a dollar-pegged stablecoin tied to the WLFI operation, entered a market that came under federal oversight with the GENIUS Act, the payment-stablecoin law signed in July 2025.

Trump Reported $1.4 Billion in Crypto-Related Income

The loss estimates come alongside financial disclosures showing substantial income connected to Trump's cryptocurrency businesses. Trump reported at least $1.4 billion in income from related crypto businesses in his 2025 financial disclosure, the annual government ethics filing required of senior officials.

The two amounts measure different aspects of the Trump-linked crypto ecosystem. Public Citizen's $4.7 billion figure concerns estimated losses among investors, while the $1.4 billion figure reflects income reported by Trump from related cryptocurrency businesses.

Public Citizen said most of the estimated investor losses were unrealized, meaning the underlying assets had declined in market value without necessarily being sold at a loss.

Public Citizen Examines Trump-Linked Crypto Ventures

The report provides a broader assessment of cryptocurrency projects and investment strategies associated with Trump and his family. The ventures reviewed span digital collectibles, cryptocurrencies, financial platforms, and corporate Bitcoin holdings.

The estimates rely on available market and financial information, including wallet data from Nansen. Consequently, the $4.7 billion figure represents an estimate of investor losses rather than a confirmed accounting of realized losses for every individual participant. Because unrealized figures move with market prices and holdings, the estimate can change over time, and any shift toward realized losses would only become visible through actual sales or future filings.

The findings, as highlighted by @WuBlockchain, underscore the contrasting financial outcomes reflected in the data: investors across the projects examined by Public Citizen faced substantial estimated unrealized losses, while Trump reported at least $1.4 billion in income from related crypto businesses in his 2025 financial disclosure.

Source: Hokanews