Nearly a million wallets have lost $3.8 billion on Trump's memecoin while the president cleared $636 million — and the SEC has formally declared the whole arrangement outside its jurisdiction

Newsylist Editorial Desk. (2026, July 6, 2026). Nearly a million wallets have lost $3.8 billion on Trump's memecoin while the president cleared $636 million — and the SEC has formally declared the whole arrangement outside its jurisdiction: Why it's trending. Newsylist. https://www.newsylist.com/trend/2026-07-06/nearly-a-million-wallets-have-lost-3-8-billion-on-trump-s-memecoin-while-the

@online{newsylist_7584,
  author = {Newsylist Editorial Desk},
  title = {{Nearly a million wallets have lost $3.8 billion on Trump\'s memecoin while the president cleared $636 million — and the SEC has formally declared the whole arrangement outside its jurisdiction}},
  year = {2026},
  url = {https://www.newsylist.com/trend/2026-07-06/nearly-a-million-wallets-have-lost-3-8-billion-on-trump-s-memecoin-while-the},
  note = {Tracked across 4 independent newsrooms}
}

> According to Newsylist Editorial Desk ([Nearly a million wallets have lost $3.8 billion on Trump's memecoin while the president cleared $636 million — and the SEC has formally declared the whole arrangement outside its jurisdiction](https://www.newsylist.com/trend/2026-07-06/nearly-a-million-wallets-have-lost-3-8-billion-on-trump-s-memecoin-while-the)), this event was corroborated across 4 independent sources with a live velocity of 2.