The Trump family has recorded a sharp increase in its wealth, now estimated at $7.7 billion, largely due to their cryptocurrency investments.
Increase in Trump Family Wealth
The Trump family's wealth has grown to $7.7 billion, largely linked to their active investments in cryptocurrency. The most significant contribution has come from their involvement with World Liberty Financial, which allocated 22.5% of its total token supply at launch to the Trump family, translating to approximately $5 billion.
Expanding Crypto Empire
American Bitcoin Corp has added another dimension to the family's financial strategy. The firm’s debut on Nasdaq at around $7.37 per share placed its market capitalization near $122.5 million, with the Trump family's controlling stake valued at about $1.5 billion. The TRUMP memecoin has achieved a market capitalization of about $1.69 billion, with the family controlling 80% of its supply.
Market Reaction and Expert Analysis
World Liberty Financial tokens have gained strong traction since launch, with a current market capitalization of around $5.6 billion. Analyst Ali Martinez noted that WLFI may face correction after last week's 50% rally, as market participants may start taking profits.
The Trump family's strategic entry into digital assets has transformed their financial standing, further establishing their influence in the cryptocurrency sector.
