Trump’s newest crypto project grows crypto fortune to 5 billion dollar
The Trump family’s newest crypto project, World Liberty Financial, launched earlier this week on CoinMarketCap and is already trading close to the top 30 after just one day. While not as spectacular as the Trump memecoin in January, it does demonstrate once again that the US President is a true crypto fan.
Official Trump
On the weekend before his presidential inauguration, Donald Trump launched his own memecoin called ‘Official Trump’. Thanks to the timing of the launch, it attracted a great deal of press attention, and Trump apparently earned a nice sum from it.
According to research by the Financial Times, approximately $350 million in profits were skimmed off accounts controlled by the Trump family in the first week after its launch.
That’s peanuts compared to the money the family earned from their newest crypto project, called World Liberty Financial. Ever since the launch of that crypto project, the family has already taken approximately $500 million in profits for themselves through preferred shares.
Since this week, when the project officially launched on CoinMarketCap, another $5 billion has been added to that, according to calculations by the Wall Street Journal and The Guardian.
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