The Trump Family's Crypto Gamble: A Billion-Dollar Swing

The Trump family jumped into the world of cryptocurrency with World Liberty Financial, a decentralized finance platform. This venture, co-founded by Donald Trump and his three sons, launched in September 2024. The platform created 100 billion $WLFI tokens, with a big chunk—22. 5 billion—going to DT Marks DEFI LLC, a company where Trump holds a 70% stake. The $WLFI token had a strong start, reaching a high of $0. 31 on its debut day. However, its value has since dropped to $0. 158. This drop means Trump's net worth took a hit, losing around $1. 1 billion. The reason? The tokens given to DT Marks DEFI LLC are locked, so Trump can't cash in on them right away. The company's policy states that founders' tokens are unlocked on a longer schedule than early supporters. This situation raises questions about the risks of investing in cryptocurrency. The market is known for its volatility, and this case shows how quickly values can change. It's a reminder that even big names can face significant losses in this unpredictable space.