"Trump's wealth surges billions as family crypto token hits market"

Trump Family’s Digital Currency Initiative Sees Mixed Start in Trading

The Trump family’s digital currency project, World Liberty Financial, began offering its namesake tokens for trading on Monday, temporarily adding around $5 billion to the family’s reported wealth. The token, labeled as $WLFI, saw its value decline shortly after its launch.

The tokens were made available to investors following the family’s involvement in the decentralized finance platform, which also introduced a stablecoin designed to sustain a fixed value by linking it to another asset.

Following a vote by token holders in July, $WLFI became tradable, enabling its sale and potentially increasing the worth of the Trump family’s holdings. Early participants are permitted to sell up to 20% of their shares. After debuting above $0.30, the token dropped to $0.20, with nearly $1 billion exchanged within the first hour, according to CoinMarketCap.

CoinGecko data indicated the token’s market value briefly approached $7 billion, ranking it among the top digital currencies in circulation. Major trading platforms, including Binance, OKX, and Bybit, have listed $WLFI.

Estimates based on company records and transaction data suggest the Trump family has earned approximately $500 million from the venture since its inception last year. Ownership of about a quarter of the tokens has contributed roughly $5 billion to the family’s net worth, as reported by the Wall Street Journal.

Although Trump is listed as a "co-founder emeritus" on the company’s site, specific details about his holdings remain undisclosed. He and other key figures, including his sons, are restricted from selling their tokens. The initiative aligns with Trump’s broader efforts to support digital currency regulations.

Initially, the tokens were non-tradable, serving primarily as a means for holders to influence certain business decisions, such as protocol adjustments. Early backers cited Trump’s association and anticipated growth as key motivations for investing.

The transition to a tradable asset introduces price discovery, allowing wider speculation and drawing interest from a larger pool of digital currency traders.

World Liberty and Trump’s other crypto-related endeavors have drawn scrutiny from critics, including Democratic lawmakers and ethics officials, who argue that his involvement in the sector while shaping financial policy presents significant concerns over potential conflicts of interest.