Trump’s Crypto And Stock Ventures Leave Investors $7 Billion In The Hole, Forbes Says

Donald Trump’s crypto and stock ventures have left investors $7 billion in the hole, according to a report cited by The Daily Beast, while Forbes counts say Trump lined his coffers with $3 billion from his various ventures.

“Even as $TRUMP memecoin investors lost money, Trump reaped the rewards”

6abc Philadelphia

Vadim Fistikan, a truck driver in Washington State, told Forbes that after saving over $100,000 to buy a house near his family, his investment in a SPAC tied to Trump’s Truth Social reached $205,000 and is now worth $30,000.

6abc Philadelphia

Fistikan said he realized it was a “scam” after the value collapsed, telling Forbes, “I’m like, ‘hey, this is a scam,'” and adding that he was “now broke.”

The Daily Beast also described how shares in a SPAC connected to Trump Media and Technology Group jumped 1,650 percent in two days and then fell by 30 percent after the first couple of days, before Fistikan bought more until it hit $205,000.

In the same account, The Daily Beast said Trump Media has cratered 89 percent from its peak, while World Liberty tokens have plunged 82 percent and Trump’s memecoin has lost 98 percent of its value.

A 6abc Philadelphia report said Trump launched his $TRUMP memecoin in the days leading up to his second inauguration and that he profited even as most memecoin investors lost money.

The outlet said $TRUMP was an instant success, catapulting to a $15 billion market valuation according to CoinMarketCap, and that it is now worth just $400 million, a 97% implosion.

Benzinga France

6abc Philadelphia reported that Trump’s companies are the majority owners of the tokens, with Trump Organization affiliates CIC Digital and Fight Fight Fight LLC controlling 80% of the coin's supply.

In a CNBC interview, Trump defended his crypto gains by telling Joe Kernen, “You know why I'm profiting, because the stock market's going up,” and he added, “Everybody's profiting.”

The same report said Trump netted more than $526 million from token sales between his memecoin and other cryptocurrency tokens tied to World Liberty Financial LLC, and it said he earned transaction fees each time $TRUMP was bought or sold.

Benzinga France reported that nearly 1 million investors who bought the official meme coin TRUMP collectively lost $3.81 billion, citing an investigation by blockchain analytics firm Nansen.

“Vadim Fistikan started working at 17 and built the kind of savings that usually takes years of overtime, delayed purchases and adult restraint: more than $100,000 by the time he hit his late twenties”

Forbes

Benzinga France said Nansen found that 988,905 wallets, representing about two-thirds of all TRUMP buyers, were underwater by the end of June 2025, while fewer than 500,000 wallets generated profits totaling about $4 billion.

The report also said TRUMP was launched three days before the 2025 presidential inauguration and has fallen about 97% from its all-time high of $75.35.

In response to suggestions that Trump profited at the expense of investors, the White House spokeswoman Anna Kelly told The New York Times, “President Trump has proudly made the United States the global crypto capital,” and said, “All of President Trump's actions and those of his administration are taken in the interest of American citizens.”

Forbes, meanwhile, described how Fistikan’s SPAC investment followed the same pattern of early surge and later collapse, with the SPAC jumping 1,650% in two days and then falling about 30% by the start of the third.