All articles tagged with #wlfi
Nearly 1 million investors in Trump's WLFI-backed memecoin lost about $3.8 billion as the token TRUMP plunged from a peak of $75.35 to around $1.76, while Donald Trump reportedly profited about $636 million from the venture; critics called the operation a Ponzi-like scheme, and there was no immediate comment from Trump’s team or the White House.
Trump’s memecoin saga left nearly 1 million investors about $3.8 billion poorer as the coin tumbled 97% from a peak of $75.35 to around $1.76, while Trump reportedly netted roughly $636 million from the venture and related crypto products, amid ongoing scrutiny and a debate over potential Ponzi-like schemes.
Reuters’s analysis, cited by Gizmodo/io9, finds the Trump family generated at least $2.3 billion in profit from Trump‑linked crypto since the presidency, while investors lost about $2.3 billion; most profits reportedly came from WLFI, World Liberty Financial’s governance token, with the Trumps taking a 75% cut and holding about 60% of the company, though WLFI says it is not an investment product. The token has fallen from roughly $0.31 to $0.05, and other Trump‑linked assets like the $Trump memecoin are noted. The piece also touches on investor types, legal disputes, and backing from entities such as AI Financial. Overall, it presents a symmetrical but troubling portrait of meme‑crypto where a political family profits while ordinary investors incur losses.
Justin Sun, founder of TRON, has filed a San Francisco federal lawsuit accusing the Trump family‑backed World Liberty crypto project of an illegal scheme to seize his WLFI tokens, freezing them and stripping his voting rights while threatening to burn them; Sun says he invested $45 million and that WLFI tokens were once valued above $1 billion, though their price has since fallen to under eight cents. World Liberty denies wrongdoing. The case comes as scrutiny grows around Trump-linked crypto ventures; Sun’s investment and the token’s governance rights are central to the dispute.
Justin Sun, a top investor in the Trump family’s crypto firm World Liberty Financial, accuses WLFI of centralized governance that allows unilateral account freezes, saying his holdings have been frozen since September. WLFI’s native token has slumped about 74% since August to around 8 cents, while its USD1 stablecoin remains widely traded. The dispute adds to ongoing scrutiny of the Trump-associated crypto ventures and follows prior SEC action against Sun.
Bloomberg reports that in the year since Donald Trump took office, the Trump family has accrued about $1.4 billion from crypto-related ventures, roughly one-fifth of their total net worth, which Bloomberg estimates at about $6.8 billion. The gains are driven largely by World Liberty Financial (WLFI) and the Trump-backed World Liberty Markets, though the overall net worth is offset by declines in Trump Media & Technology Group. WLFI founder tokens are valued at about $3.8 billion but aren’t counted in Bloomberg’s wealth calculation because they’re locked. The report notes scrutiny over potential conflicts of interest as the family expands its crypto footprint and governance of the WLFI ecosystem.
The crypto market experienced significant volatility this week, with MYX Finance, Pump.fun, and Worldcoin leading gains, while Four, Cronos, and World Liberty Financial declined. Major cryptocurrencies like Bitcoin and Ethereum remained stable, and altcoins showed strong performances, but caution is advised as some tokens face resistance and potential pullbacks. Overall, the market is in a dynamic state with opportunities and risks for traders.
Bitcoin may drop below $50,000 amid bearish signals, while Justin Sun urges WLFI to unfreeze his tokens. The week also saw major developments including interest rate cut forecasts, a $6.4 billion crypto treasury deal by Trump-linked media, and regulatory concerns over prediction markets. Additionally, a Bitcoin bear market is predicted to begin in October, and other crypto news highlights include recovery from a phishing attack and significant market movements.
The article reports that former President Donald Trump has significantly increased his wealth through his involvement in the cryptocurrency industry, notably with the launch of WLFI, which has become a highly valuable asset for his family, raising concerns about foreign interference and the ethics of a sitting president profiting from crypto ventures.
A crypto developer accused WLFI, a Trump-linked project, of stealing his funds through token lockup and flawed compliance tools, amid broader concerns over token freezing and regulatory issues in the crypto space.
World Liberty Financial has burned 47 million WLFI tokens in an effort to reduce supply and boost the declining token price, which has fallen over 31% since launch. The burn is part of a proposed buyback and burn program aimed at increasing scarcity and long-term ownership, amid ongoing market skepticism about crypto hype and institutional adoption. The launch has also caused Ethereum gas fees to spike, highlighting ongoing ecosystem challenges.
A digital token launched by World Liberty Financial, co-founded by Donald Trump and his family, debuted at a price significantly higher than its initial sale prices, reaching up to 15 times higher despite a recent decline, with the token's value influenced by trading activity and governance proposals. The venture is linked to Trump, but the family has yet to cash in from the market debut.
The Trump family owns a significant stake in the crypto firm World Liberty Financial, with holdings valued at around $5 billion, making crypto a major part of Trump's fortune. The firm’s token WLFI has experienced volatile trading, and the Trump family benefits financially from its sales. The involvement has raised concerns about conflicts of interest, though the administration denies any wrongdoing. Regulatory scrutiny remains a key issue in the evolving crypto landscape.
World Liberty Financial proposes using 100% of protocol fees to buy back and burn WLFI tokens to reduce supply and support the token's value, amid a 30% decline after launch and a large token unlock increasing circulating supply and holdings. The initiative aims to strengthen long-term holder confidence, but uncertainties remain about fee amounts and contingency plans.
The Trump-backed crypto token $WLFI begins trading on Binance, with limited early sell restrictions for insiders and potential for the Trump family to earn billions from its value, which is heavily linked to Trump's name and influence.