Svmuureports that U.S. President Donald Trump and his family have made a cumulative profit of approximately $2.3 billion from four crypto businesses: World Liberty Financial, the TRUMP Meme coin, American Bitcoin, and ALT5 Sigma (now AI Financial). Meanwhile, related investors are sitting on aggregate unrealized losses also totaling around $2.3 billion.
The report states that about 75% of the proceeds from World Liberty Financial token sales flowed to the Trump family. At the same time, the price of the TRUMP Meme coin has fallen approximately 97% from its all-time high, and stock prices related to ALT5 Sigma and American Bitcoin have also seen significant declines.
The report cites some investors who stated that they neglected risk management due to the "presidential endorsement." Some investors are now considering legal action. (Reuters)
Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
The Trump family has made approximately $2.3 billion in profit from four crypto businesses
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice. If you find any violations, please Click to Report
24H Trending
-
Iranian Foreign Ministry: Iran and the U.S. Reach Agreement
-
Gate's Stock Contracts Section Launches Trading for 8 Perpetual Contracts, Including ADSK (Autodesk) and BKNG (Booking.com Holdings)
-
Binance Seven U-denominated perpetual contracts, including LRCX and KLAC, will be launched
-
Learn More About the ALTHEA Token (ALTH) and Its Decentralized Network
-
After going long on crude oil with 10x leverage, the position is showing a paper loss of $1.33 million; a certain address holds CL long positions worth $37.77 million
-
The OKX DEX xStocks Trading Competition is currently underway, with a total prize pool of 300,000 USDC
-
Morgan Stanley Updates Ethereum and Solana ETF Filings, Proposing a 0.14% Fee
-
Record-High AI-Driven Leveraged Bets in Asia: SK Hynix’s 2x Long ETF in South Korea Reaches $13 Billion in Assets Under Management
-
Iranian media report that Iran-U.S. negotiations have resulted in five key points
-
A "smart money" investor bet $320,000 on Argentina to beat Austria in the World Cup group stage
Recommended Reading




