"As Donald Trump and his sons push deeper into the crypto industry, their flagship project is expanding the family's wealth by billions of dollars. On Monday, their World Liberty token began trading on crypto exchanges, quickly becoming one of the top global cryptocurrencies-and raising further concerns about the blurred line between the White House and the blockchain industry."
"Over the past year, World Liberty held a series of private sales of the token to accredited investors, valuing them between 1.5 and 5 cents. And with Trump-affiliated entities controlling as much as 22.5 billion of the tokens, as well as a stake in the corporate parent company, the family's wealth swelled by billions of dollars-at least on paper."
"But with the token's launch on secondary trading platforms on Monday, that stake is no longer theoretical, though the Trump entities' holdings are still locked. Still, with the token trading at around $0.23 as of publication, the Trumps hold around $5 billion worth of WLFI alone, which doesn't count their stake in other projects, including Trump's memecoin, $TRUMP."
The World Liberty (WLFI) token began trading on crypto exchanges and rapidly rose into top global cryptocurrency rankings. World Liberty Financial conducted private WLFI sales to accredited investors priced between 1.5 and 5 cents per token. Trump-affiliated entities control up to 22.5 billion WLFI tokens and hold a stake in the parent company, creating multibillion-dollar paper gains. With WLFI trading near $0.23, those holdings are worth roughly $5 billion, excluding other crypto assets like $TRUMP. The Trump family expanded its business into crypto through Trump Media & Technology Group and adopted a pro-crypto political stance.
Read at Fortune Crypto
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