According to the media, the controversy surrounding the Trump-related encryption project has risen again. According to the data quoted in the Wall Street Journal, about two thirds of the wallets that purchased Official Trump (TRUMP) were currently in an unrealized loss, and about 85 per cent of the secondary market for World Liberty Financial coins was in a loss.
About 148 million wallets in loss.
According to the report, there are approximately 1.48 million lost wallets associated with TRUMP tokens. The investor, Ross Gerber, thus criticized Trump ' s encryption, claiming that a large number of ordinary investors had suffered losses while the project-related parties had received significant revenues.
However, the number of wallets is not equal to the actual number of investors. One user may control multiple wallets or parts of them may be on a platform or in a hosting account, so the data are more appropriate to reflect the warehouse distribution than the exact number of individual losses.
The TRUMP token has fallen significantly at higher points
After the introduction of the TRUMP token in January 2025, it attracted an influx of bulk money, which was worth close to $15 billion. Prices have since fallen steadily, with reports that the higher point of the coin has fallen by approximately 97 per cent and the market value has fallen to about $404 million.
This kind of sharp volatility has rekindled the market's discussion of the currency associated with politicians. Critics argue that tokens with a strong personal brand colour are more likely to attract funds in the short term, but when prices fall back, second-tier market buyers often suffer greater losses.
The issue of conflict of interest has been raised in American politics.
The article also mentioned that United States Senator Elizabeth Warren was promoting stricter encryption regulation, with a focus on limiting the direct benefits of the digital assets project to serving elected officials and their families. In her view, such arrangements could entail a clear risk of conflict of interest.
According to external sources, the focus of the dispute is not only on the rise and fall of individual tokens, but also on whether politicians should be involved in encryption projects in their tenure and whether existing rules can cover related interest arrangements. As political issues in the United States elections continue to intersect with the encryption industry, the scrutiny of similar projects is likely to increase further.