Experienced investor Ross Gerber criticized US President Donald Trump’s cryptocurrency initiatives with harsh words. Gerber argued that many investors who entered Trump-related digital assets lost money, while Trump earned hundreds of millions of dollars in income from these projects.
Wallet data attracted attention
Citing data from the Wall Street Journal, Gerber said that about two-thirds of wallets that purchased the TRUMP meme coin called Official Trump made a loss on paper. This rate corresponds to approximately 1.48 million cryptocurrency wallets. According to the data cited by the newspaper, approximately 85% of those who bought World Liberty Financial’s WLFI token from the secondary market are at a loss.
Gerber described this chart as the “Trump crypto profiteering” and claimed that more than a million people lost money.
While Ross Gerber argued that Trump-related crypto projects have harmed more than one million people, he emphasized that this structure also damaged confidence in the market.
However, on-chain wallet data and the number of individual investors do not match exactly. A single person can control multiple wallets; Some wallets can hold assets belonging to more than one user together. Therefore, the number of wallets does not directly mean the number of investors.
Sharp drop in TRUMP token
The Official Trump token experienced one of the sharpest boom and bust cycles in the crypto market after its launch in January 2025. With the intense interest of retail investors, the market value of the token increased to approximately 15 billion dollars in a short time. With the ensuing pullback, approximately 97% of its value was wiped out, dropping its market cap to approximately $404 million.
| Indicator | Data |
|---|---|
| TRUMP market cap peak | Approximately 15 billion dollars |
| Current market value | Approximately 404 million dollars |
| depreciation | About 97% |
| TRUMP wallets reported to be at a loss | Approximately 1.48 million |
Gerber had previously described Trump’s crypto projects as a profit-oriented structure. He thinks these initiatives are eroding trust not only in the relevant tokens, but also in the broader crypto market and Bitcoin. According to Gerber, token launches with strong political affiliation feed the perception that they favor insiders and expose small investors to heavy losses.
Calls for regulation grow stronger
U.S. Senator Elizabeth Warren is also calling for stricter crypto rules that would prevent elected politicians and their families from personally profiting from digital asset ventures while in office. Warren argues that stronger safeguards are needed against the risk of conflicts of interest for politicians involved in crypto projects.
Elizabeth Warren advocates for stronger measures to limit incumbent politicians and their families from earning personal income from digital asset projects.
At the center of the debate is the relationship between political influence and high-risk digital asset projects. While the latest data indicate that investors who purchased from the secondary market in a significant part of these projects are at a loss, it is considered that regulatory pressure may increase in Washington.
