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WSJ: Trump Family Accumulates $5 Billion in Paper Wealth After WLFI IPO

5 hours ago

On September 2nd, as per The Wall Street Journal, the Trump family witnessed a whopping $5 billion surge in their net worth on Monday. This occurred when their leading cryptocurrency project initiated the trading of a new digital currency. This trading debut is probably the Trump family's most significant achievement in the financial sector since Trump assumed office. Currently, the Trump family (including Trump himself) collectively holds slightly less than a quarter of the WLFI token. Trump's three sons are co-founders of World Liberty, with Trump himself holding the title of "Honorary Co-Founder." World Liberty declared that the tokens held by the founders and team members are still locked, meaning they cannot be sold. However, this trading launch has bestowed a real market valuation upon their held tokens. Previously, the value of these tokens was solely based on private transactions. Today, WLFI is likely to have become the most valuable asset of the Trump family, surpassing their decades-old real estate portfolio. Despite the Trump family continuing to engage in real estate deals worldwide since taking office, the rapid expansion of the cryptocurrency business has evidently had the most immediate early impact.
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Ethereum's active address count in August reached 19.45 million, hitting a new high since May 2021

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