Ross Gerber Says Nearly 1.5 Million Crypto Wallets Suffered Losses From Trump-Linked Crypto Projects

Veteran investor Ross Gerber has sharply criticized crypto projects linked to former U.S. President Donald Trump, arguing that many investors in Trump-affiliated digital assets have suffered losses while Trump himself has earned hundreds of millions of dollars from the ventures.

Wallet Data Raise Concerns

Citing data from The Wall Street Journal, Gerber said that about two-thirds of wallets holding the Official Trump (TRUMP) meme coin are currently sitting on unrealized losses. That amounts to an estimated 1.48 million crypto wallets.

The same report also found that around 85% of investors who purchased World Liberty Financial’s WLFI token on the secondary market are currently at a loss.

Gerber described the situation as a “Trump crypto scam,” claiming that more than one million people have lost money through Trump-linked crypto projects.

According to Gerber, these projects have not only caused losses for more than one million investors but have also undermined confidence in the broader digital asset market.

However, it is important to note that the number of wallets does not equal the number of individual investors. A single person can own multiple wallets, while multiple users may also share one wallet. Therefore, wallet figures should not be interpreted as the exact number of investors who have incurred losses.

Gerber has previously argued that Trump’s crypto ventures are driven primarily by self-interest. In his view, these initiatives have harmed not only the tokens involved but also confidence in the broader digital asset market, including Bitcoin.

He also believes that tokens with strong political ties reinforce perceptions of insider advantage, leaving retail investors more vulnerable to significant losses.

Meanwhile, Senator Elizabeth Warren has reiterated the need for stricter rules to prevent politicians and their family members from profiting from digital asset projects while holding public office.

The debate over the relationship between political influence and high-risk digital asset projects continues to intensify. Recent data showing widespread losses among secondary-market investors are expected to strengthen calls in Washington for tighter regulation of the digital asset industry.