Cryptocurrency news can be hard to follow. For example, I recently came across the term “tokenized coin” he said and gave me an IUD until I calmed myself down with a drink.
But a new report from Reuters on the Trump family’s crypto income makes things easier to understand:
According to Reuters’ own analysisThe Trump family “was able to gain at least $2.3 billion from investors since Trump returned to the presidency,” while the loss of nearly a million people who invested in Trump-related cryptocurrency investments “was only $2.3 billion at the end of April.”
It is both symmetrical and sad.
According to the report, the Trumps made the most from the sale of $WLFI, the management token of World Liberty Financial, created by the top-grossing company. World Liberty Financial, the cryptocurrency of the Trump family. The Trumps were reported to have a 75% cut in Token sales and a 60% stake in the company.
This estimate includes disclosed sales and additional sales based on Reuters’ own research. World Liberty Financial told Reuters that the token “is not an investment product” and that World Liberty “does not endorse third-party methodologies for valuing management tokens or valuing aggregate investor positions.”
The $WLFI story is one of them mostly steady descent Since August 2024. One token started at around $0.31, but has fallen to around $0.05 as of this writing.
According to Reuters, other sources of the Trump family’s earnings include the $Trump memecoin. Since the $Trump memecoin project does not provide revenue disclosures, the losses were calculated by analyzing the blockchain itself.
Justin Sun, founder of the Tron blockchain, “World Liberty” accused the financial institution of abuse returned in April. That month he World Liberty has sued the financial company, claiming it illegally froze its tokens. World Liberty Financial characterized Sun’s actions as a smear campaign and appealed to the court for defamation.
Reuters‘ number of investors “retail buyers” include average Joes and Janes who launch wallet apps and make purchases, as well as indirect investors who buy other financial products Trump has exposed, such as ETFs. However, Reuters notes that “a small number of large traders who were early buyers and sellers of $TRUMP made big gains.”
one The SEC filed last monthAI Financial, a public company that has invested heavily in World Liberty Financial tokens, has expressed doubts that it will survive another year. Forbes report Found except for April publicly traded There was a cryptocurrency company, American Bitcoin the value decreased by 500 million dollars in less than a year, even its co-founder and CTO, Eric Trump, saw his net worth increase dramatically over the same period.
