Nineteen days after the launch of Official Trump (TRUMP), investor losses from the U.S. president’s meme coin have reached $2 billion, according to The New York Times.

Citing data from Chainalysis, Nansen, and Molly White, the publication reported that 813,294 users have suffered losses.

Companies associated with the token have earned $100 million in fees. CIC Digital and Fight Fight, which control about 80% of the supply, have converted a small portion of funds into fiat, though specific figures were not disclosed.

At its peak, TRUMP was valued at $75. As of now, the price has dropped by approximately 79% to $15.78, with a market capitalization of $3.16 billion, placing it 45th among cryptocurrencies by market value.

Journalists noted that some investors managed to profit. On the first trading day, one buyer purchased nearly 6 million tokens at $0.18 each. Two days later, they realized a $109 million profit.

In February, the nonprofit Public Citizen urged the U.S. Department of Justice and the Office of Government Ethics to investigate TRUMP over potential violations of federal corruption laws.

In January, the U.S. Congress also raised concerns about the ethics of the president’s cryptocurrency initiatives.

The current decline in TRUMP mirrors trends seen in other celebrity meme coins.

According to Messari, the average pullback from all-time highs for such assets is 78%. Analysts included MOTHER, DADDY, TRUMP, MELANIA, and JAILSTOOL in their calculations.

Major celeb coins are down on average 78% from ATHs.

(h/t @Degenerate_DeFi) pic.twitter.com/SVX6E2UAto
— Messari (@MessariCrypto) February 10, 2025

In January, Tuttle Capital Management filed an application with the SEC to register ten 2x leveraged crypto ETFs, including ones based on TRUMP and MELANIA.

Previously, REX Shares, the digital asset division of Osprey Funds, proposed launching a series of products tied to Ethereum, Solana, XRP, BONK, TRUMP, and DOGE.