Donald Trump’s family just made $5 bn, on a crypto they can’t even sell yet after a major crash
Despite a price drop, a controversial Trump family cryptocurrency has catapulted their paper wealth by $5 billion, further blurring the lines between politics, personal profit, and digital finance.
The token, WLFI, launched this week by World Liberty Financial — a crypto firm co-founded by Donald Trump and his sons Eric, Don Jr., and Barron — spiked to 40 cents before plunging 48% to 21 cents on Tuesday.
It later settled around 23 cents, according to CoinMarketCap.
The Trump family holds 22.5 billion WLFI tokens, now valued at roughly $5 billion on paper. However, their holdings remain locked and unsellable for now, according to the company.
WLFI is marketed as a governance token, giving holders voting rights over the…
