Trump Family Reportedly Made About $2.3 Billion on Crypto While Investors Lost About $2.3 Billion on Trump-Related Crypto

Key Points:

• Reuters reports that the Trump family has generated at least $2.3 billion in profits from crypto investors since Donald Trump retook the presidency, while investors have collectively lost the same amount, $2.3 billion, by the end of April 2024.
• The majority of Trump family profits came from sales of the $WLFI governance token issued by World Liberty Financial, a Trump family crypto venture, with the family reportedly taking a 75% cut of token sales and holding a 60% stake in the company.
• The $WLFI token has experienced a steady decline in value since August 2024, dropping from about $0.31 to approximately $0.05 per token, highlighting significant losses for investors.
• Additional profits for the Trump family came from the $Trump memecoin, with losses for investors estimated through blockchain analysis due to a lack of revenue disclosures from the project.
• The crypto venture has faced legal disputes, including a lawsuit from Tron founder Justin Sun accusing World Liberty Financial of freezing his tokens illegally, while World Liberty countersued for defamation, calling Sun’s claims a smear campaign.