Investors betting on Donald Trump’s assets have lost billions of dollars as the WLFI, Trump Coin, and DJT stocks have plunged this year.
Summary
- Top Trump-associated assets in the crypto and stock markets have plunged.
- Trump Coin price has crashed from $50 in January to $8.
- Other assets like the DJT stock WLFI, and MELANIA have also slipped.
WLFI, Trump Coin, and DJT stocks have plunged
World Liberty Financial (WLFI) token has crashed to $0.1190, down by 62% from its highest point after its launch. Data compiled by CoinMarketCap shows that its market cap has plunged from $7.6 billion to $2.92 billion.
Similarly, Trump Coin (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, WLFI, and DJT stock | Source: crypto.news
American Bitcoin, which went public recently, has seen its stock drop from $14.50 to $4.50 today, with its valuation plunging to $4.35 billion from a peak of $8.47 billion. This stock has crashed in line with the Bitcoin (BTC) treasury companies like Strategy, Metaplanet, and KindlyMD.
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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.
The plunge of Trump tokens has coincided with the recent crypto market crashthat has affected most coins. For example, most meme coins like Pepe, Shiba Inu, and Fartcoin have all plunged.
DJT stock has plunged because of the ongoing decline in Bitcoin treasury companies. It holds 35,000 coins, making it the eighth-biggest holder in the industry. Also, the crash is due to its weak fundamentals, as its business generated just $1 million in revenue last quarter.
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