WSJ: Trump family accumulates $5 billion in paper wealth after WLFI issuance
Odaily Planet Daily reported that the Trump family's paper wealth increased by as much as $5 billion on Monday because its flagship cryptocurrency project launched trading in a new digital currency.
This trading debut is likely the biggest financial success for Trump's family since his inauguration. Currently, the Trump family (including Trump himself) holds less than a quarter of all WLFI tokens. Trump's three sons are co-founders of World Liberty, while Trump himself holds the title of "Honorary Co-founder."
World Liberty said the tokens held by the founders and team members remain locked, meaning they cannot sell them. However, the trading launch gives their tokens a real market valuation, as previously, their value was based solely on private transactions.
Today, WLFI is likely the Trump family's most valuable asset, surpassing their decades-long real estate portfolio. While the Trump family has continued to pursue real estate deals around the world since taking office, their rapidly growing cryptocurrency business has clearly had the most direct and early impact. (Wall Street Journal)
