Investors lose billions as WLFI, Trump Coin, and DJT stock plunge

Investors lose billions as WLFI, Trump Coin, and DJT stock plunge

https://crypto.news/investors-lose-billions-as-wlfi-trump-coin-and-djt-stock-plunge/


Similarly, Trump Coin Official Trump
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-1.54%
Official Trump has plummeted from $49 to $8, with its valuation moving from over $10 billion to $1.5 billion today.

The same trend has happened in the stock market, where the DJT stock price has dropped to $14 from a peak of $54 after his election. Its market cap has moved from $11 billion to $3.9 billion today and has underperformed the broader stock market, with the S&P 500 and Nasdaq 100 trading at their all-time highs.

Trump family has made over $1 billion in crypto investments
While Donald Trump and his family have lost money during this plunge, their crypto ventures have netted them billions. They also stand to make a fortune if the crypto market recovers.

A recent report by the Financial Times estimated that the crypto venture have netted the family over $1 billion. Most of these gains are from WLFI tokens, which made them over $550 million. Trump made over $360 million from the TRUMP Coin and $65 million from the MELANIA coin.

Most importantly, the family is also making money from Binance. The company received a $2 billion investment from MGX. Instead of receiving the money in cash, it opted for Trump’s USD1 stablecoin, which it helped to develop. It still holds these funds, allowing the Trump family to make millions of dollars in interest.