Trump Inc.’s World Liberty Financial Project has dropped value since its launch at the start of this week.
The token $ Wlfi, which was founded by Eric and Donald Trump Jr. with their father named “Co-founder Emeritus”, launched at the start of this week and reached a peak of about $ 0.31. But it has dropped approximately 28% since then, estimated at around $ 0.22 on Wednesday, according to Crypto Coingecko data company.
World Liberty Financial was created in October 2024 and created 100 billion tokens. He said that he sold a quarter for $ 550 million, but they were not negotiable. Holders could use them to vote on the group’s business plans. Then, this summer, a vote was adopted to make them negotiable.
The first investors in the Liberty global tokens were authorized to sell up to 20% of their assets, leaving the total market value of the cryptocurrency at around 5.45 billion dollars on September 3, according to Coingecko. Crypto exchanges, including Binance, Okx and Bybit, offer tokens trading on their platforms.
The WLFI is the last way that the Trump family has tried to take advantage of the digital asset industry, which President Donald Trump has since entered into office by the user-friendly crypto legislation and a promise that the United States will hold a Bitcoin strategic reserve.
Trump Jr. wrote on X: “It’s not a little same, it is the backbone of the governance of a real ecosystem changing how money is moving. Freedom + Finance + America first.”
The president and his family should receive around 75% of the project’s net income, according to CNBC Reports, which cited a document published by the Company. The Wall Street Journal reported that the launch on Monday has helped increase the wealth of the family by $ 5 billion.
The American Democratic Senators Elizabeth Warren and Maxine Waters wrote in an April letter that Trump’s “financial participation in World Liberty Financial represents an unprecedented conflict of interest”. They said it had created “an obvious incentive” for the Trump administration to push regulators to take friendly positions.
The White House said that Trump’s assets were in a trust managed by his children, denying any conflict of interest.
“The launch of the WLFI was a huge success,” said a spokesperson for World Liberty Financial.
Despite the lukewarm opening days of negotiation, the project has a major: Justin Sun, a cryptographic billionaire, who has invested $ 75 million in World Liberty Financial. Sun said he had “no intention of selling our tokens unlocked anytime soon”.
Sun founded a blockchain company called Tron. He also bought a banana – a conceptual work of art – for $ 6 million last year in New York, before eating it in front of the camera.
