Overview
- The Bloomberg Billionaires Index pegs the family’s wealth at roughly $6.7 billion, down from $7.7 billion since September, as a market sell-off erased more than $1 trillion in crypto value.
- World Liberty Financial’s WLFI token has dropped from about $0.26 in early September to roughly $0.15, and the TRUMP memecoin is down around 25% since August, leaving both insiders and retail buyers with steep paper losses.
- Trump Media’s crypto strategy is underwater, with roughly 11,500 bitcoin about 25% below purchase levels, a CRO position nearly halved, and DJT shares near record lows that have reduced the president’s stake by about $800 million.
- American Bitcoin Corp., co-founded by Eric and Donald Trump Jr., has fallen more than 50% from its September peak even as it reported a $3.5 million Q3 profit and touts low-cost West Texas mining.
- Eric Trump is urging investors to buy the dip and is reiterating a long-term $1 million-per-bitcoin view, while Senators Elizabeth Warren and Jack Reed seek a federal investigation into World Liberty Financial’s token activity.