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Trump family increases assets by $1.4 billion in cryptocurrency in one year
Source: DigitalToday Original Title: Trump Family Increased Cryptocurrency Assets by $1.4 Billion in One Year Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=622727
Donald Trump, the President of the United States, and his family earned approximately $1.4 billion from cryptocurrency-related projects over the past year. Cointelegraph reported that cryptocurrencies now account for one-fifth of the Trump family’s total assets.
The total assets of the Trump family were estimated at around $6.8 billion, similar to the previous year. While cryptocurrency profits increased, the decline in the value of Trump Media & Technology Group offset these gains.
Cryptocurrency earnings mainly came from World Liberty Financial(WLFI) and President Trump’s official meme coin. The founder’s tokens of WLFI alone are worth $3.8 billion, but they are in lock-up and not included in official asset valuations. WLFI tokens have fallen from $0.30 in September last year to $0.16 now, but they still maintain significant value.
WLFI is a project co-founded by Donald Trump Jr. and Eric Trump, and recently launched the lending platform ‘World Liberty Market.’ The USD1 stablecoin introduced by WLFI has grown into a major dollar-pegged token.