Trump’s Crypto Ventures Take Off
The cryptocurrency token associated with the Trump family has begun trading publicly, enabling the president and his sons to value their holdings at approximately $5 billion (£3.7 billion). The Trump family established World Liberty Financial, a cryptocurrency firm, during last year’s presidential campaign, raising eyebrows about possible conflicts of interest as the president entered a field he would likely oversee.
Token Trading and Investor Dynamics
The company generated capital by offering its namesake digital tokens to investors, who were initially restricted from selling them. However, in July, investors voted to permit early buyers—excluding founders like the Trump family—to sell up to 20% of their WLFI token holdings.
As of Tuesday, WLFI tokens were trading around $0.22 on exchanges including Binance and Coinbase, reflecting a nearly 50% decline from their opening prices on Monday. Despite this downturn indicating sluggish demand, the current trading price remains above initial purchase levels for many early investors, ensuring profitability for them.
“We’re setting a new standard for financial freedom; built on trust, speed, and U.S. values,”
Eric Trump expressed on social media.
“This is a huge moment for the future of money!”
Financial Holdings and Revenue Streams
Financial disclosures reveal that Donald Trump himself owns around 15.75 billion WLFI tokens, valued at over $3.4 billion, making cryptocurrency the primary source of his wealth. The Trump family collectively controls just under 25% of the total 100 billion WLFI tokens created last year, translating their stake into roughly $5 billion based on current market prices.
Additionally, Trump and his sons earn a portion of the revenue generated through coin sales, which has already exceeded $500 million, according to reports from Reuters. Their revenue was boosted recently when World Liberty Financial collaborated with a publicly traded company that had raised $750 million to acquire cryptocurrency, placing World Liberty Financial in the unique position of acting as both buyer and seller of the WLFI token.
