Trump's Coin Made Him $636 Million. 989,000 People Lost $3.81 Billion.

On-chain reconstruction of every TRUMP meme coin trade since the January 2025 launch. Who got paid, who got wiped, and how the two numbers line up.

The TRUMP token was launched on Solana on January 17, 2025, three days before Donald Trump was sworn in for a second term. Within 36 hours it printed a peak price of about $73. Within 12 months it was trading at $1.79, a fall of more than 97 percent from peak. In between, roughly 4.6 million trades moved through 990,000+ wallets. American Muckrakers pulled the on-chain record and reconciled realized profit and loss, wallet by wallet.