WLFI, the Trump family's flagship token, began open trading and produced extreme early price movements that briefly valued the family's stake at roughly $6 billion while boosting reported fortunes to about $5 billion. Trading surged, with roughly $1 billion in WLFI changing hands within the first hour across exchanges and prices oscillating between about 30 cents and 20 cents after opening near 30 cents on Binance. The Trump family holds just under a quarter of all tokens while founders' allocations remain locked, limiting immediate sales. Early backers paid about 1.5 cents, making insider holdings far more valuable at Monday's prices. World Liberty and company executives denied political motives and conflicts of interest.
The Trump family's flagship token WLFI began open trading on Monday and reportedly catapulted their fortune to as much as $5 billion and instantly made crypto the Trump empire's most valuable asset. Trading volume surged to roughly $1 billion within an hour of launch, according to the Wall Street Journal, with prices fluctuating between about 30 cents and 20 cents.
World Liberty, the Trump-aligned venture behind WLFI and a dollar-pegged stablecoin USD1, insisted to the Journal that politics isn't the business model. Chief executive Zach Witkoff, the son of special envoy Steve Witkoff who co-founded the company with the president's sons Eric Trump and Donald Trump Jr., said it doesn't get involved in politics, though clearly President Trump is the greatest president of all time.
Collection
[
|
...
]