Cryptocurrency Surge Boosts Trump Family's Wealth by $5 Billion
Cryptocurrency Surge: Trump Family's Wealth Boosted by $5 Billion
A new cryptocurrency issued by the Trump family's World Liberty Financial has boosted their wealth on paper by roughly $5 billion. This digital token, known as WLFI, began trading this week, showcasing its ambitious nature in the crypto market.
WLFI Initial Performance
According to data from CoinMarketCap, WLFI reached a high of about 40 cents shortly after launching on Monday. However, by Tuesday morning, the value dropped dramatically, plummeting to 21 cents, a 48% decrease from its peak. The token showed signs of recovery, stabilizing around 23 cents by the afternoon.
Trump Family's Stance on Cryptocurrency
The Trump family's holdings include 22.5 billion WLFI tokens, which, despite recent fluctuations, hold significant value. Donald Trump, who was previously skeptical about cryptocurrencies, has fully embraced the digital asset landscape, promising to elevate the U.S. in this domain during his second term.
Currently, Mr. Trump and his family are unable to liquidate their holdings as the founders' tokens are locked, indicating a cautious yet optimistic approach to their financial strategy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.