INVESTORS AT LEAST $4.7 BILLION UNDERWATER ACROSS TRUMP CRYPTO VENTURES

Summary from the TLDR Crypto newsletter

A Public Citizen report tallies investor losses across Trump-linked crypto ventures at a minimum of $4.7 billion in 2025, against at least $1.4 billion Trump earned from the same projects. The TRUMP memecoin drives $3.2 billion of those losses. Roughly 1 million of 1.6 million retail buyers on decentralized exchanges remain underwater after the token fell from a $73.43 peak to approximately $2.73, with wallets from the first two trading days capturing nearly 90% of all retail-side gains. World Liberty Financial contributed $1 billion in additional losses, led by AI Financial Corp's $1.46 billion WLFI token purchase in August 2025, which left the Nasdaq-listed firm's stock down 91% to $0.642, while Trump Media's 9,477 BTC position accounts for another $450 million in losses. Trump's tokens were allocated rather than purchased, and his income flowed through licensing fees, meaning he deployed no capital while retail holders absorbed the drawdown.