Trump's memecoin paid him $636M while nearly 1M buyers lost $3.81B, sparking ethics calls.

Trump's memecoin generated $636 million for him but caused nearly 1 million buyers to lose a combined $3.81 billion, according to blockchain data and his 2025 financial disclosures. The token's value has dropped about 97% from its peak, with most retail investors losing money while early traders profited. This has led to political scrutiny, with calls for stricter ethics rules in crypto legislation, as Trump promoted the coin heavily during his presidency. The controversy highlights risks for retail investors and ongoing debates over crypto regulation in the U.S.