According to the official website of World Liberty Financial, entities related to the Trump family currently hold governance tokens (WLFI) valued at approximately $5 billion, a change that stems from a significant unlock on Monday.
According to data from the World Liberty Financial website, DT Marks DEFI LLC and "some family members of Trump" previously held 22.5 billion WLFI tokens. The company reported that 24.6 billion WLFI tokens were unlocked as scheduled on Monday to establish initial circulation. The token price briefly rose to $0.40 before falling back to around $0.21 at the time of publication.
World Liberty had previously stated that the shares held by founders, including Trump and his three sons Donald Trump Jr., Barron Trump, and Eric Trump, would initially remain locked. However, the unlock on Monday effectively valued the Trump family's holdings at approximately $5 billion based on the WLFI price at the time of publication.
After the launch of the cryptocurrency company in September 2024, Trump and his sons publicly supported the project, coinciding with his presidential campaign. This project is one of many crypto assets Trump has been involved in, including the Official Trump (TRUMP) meme coin and a Bitcoin (BTC) mining company associated with his family. Due to the financial ties to the president, these projects may influence U.S. government policy and have faced criticism from lawmakers.
The New Yorker reported in August that Trump has personally profited approximately $2.4 billion from his cryptocurrency business since 2022, prior to the token unlock. In addition to the earnings from World Liberty Financial, the report stated that his family's mining company and meme coin business generated $243 million in cryptocurrency trading profits between the U.S. and the UAE. Furthermore, Trump Media and Technology Group has obtained $1.3 billion in Bitcoin.
Shares of the Trump family's cryptocurrency mining company, American Bitcoin, are expected to go public after Tuesday, as part of a merger with another Bitcoin mining company, Gryphon Digital. The deal includes a reverse split of 1 share into 5 shares, and the merged company will trade under the ABTC ticker.
Reports indicate that Gemini cryptocurrency exchange co-founders Cameron Winklevoss and Tyler Winklevoss have invested an undisclosed amount in American Bitcoin. Donald Trump Jr. and Eric Trump held a 20% stake in the mining company prior to the merger.
Related: CoinMarketCap: WLFI supported by the Trump family will unlock 27 billion tokens upon launch
Original article: “Trump Family's World Liberty Holdings Surge to $5 Billion Due to Token Unlock”
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