- Trump Family Expands Crypto Holdings Through World Liberty’s Growing Blockchain Empire
- World Liberty Financial Hits $500 Million Token Sales, Profits Soar High
- Trump Holds Non-Transferable Tokens Worth Over $2 Billion Right Now
TrumpMeme, a popular meme coin linked to U.S. President Donald Trump, has officially launched on the Tron blockchain. This move expands the token’s reach beyond its original home on the Solana network. The TRUMP token was introduced on January 18 having a supply of one billion tokens. Its popularity continued to rise rapidly since that time among crypto traders and meme coin adherents.
TRUMP Market Cap Nears $1.7B
At present, the circulating market capitalization of TRUMP amounts to approximately 1.718 billion dollars. When all possible tokens are taken into account, its fully diluted valuation is 8.59 billion dollars. The current price of the token now 8.69 dollars per coin but has been up 3.3% in the past week. Despite this, many investors are now carefully monitoring whether the Tron launch will be able to increase its price once more.
This is not a random growth to Tron. It belongs to a larger scheme with World Liberty Financial, a blockchain initiative that relates to the Trump brand. World Liberty Financial, as a part of its strategy, applies a stablecoin, the name of which is USD1. The funds used to back this stablecoin include U.S Treasuries, and dollar deposits, and other cash reserves. The stablecoin is a product of BitGo and it also claims high levels of security and compliance.
Forbes reveals that Trump has already earned approximately 1 billion US dollars investing in the crypto world in less than nine months. That is in the amount of $390 million in the proceeds of selling World Liberty Financial tokens, roughly $315 million in the TRUMP memecoin alone, and another 60 million in the stablecoin (USD1) stash. These tremendous numbers have received both positive and negative reviews.
On the one hand, Trump supporters find it as evidence that the former president is willing to innovate and implement new technology. Conversely, the opponents claim that such gains bring about the issue of conflict of interest and potential foreign influence in the American politics.
World Liberty Markets Own Token And USD1 Stablecoin For Profit
The Trump family entered the digital asset market with World Liberty Financial. This company has moved to market its token and the US dollar 1 stablecoin. The sale of those tokens and share in the parent company gives the family profits. They also possess many World Liberty dispensaries.
By March, World Liberty Financial had sold more than half a billion dollars of tokens. It is indicated that the Trump family has received about $390 million of this money. In addition to the cash incomes, they have almost 22.5 billion of the tokens. At the given market rates, the value of such tokens as the top ones reaches more than 2 billion dollars.
Interestingly, such tokens cannot be transferred as yet. This implies that they are not added into Trump net worth. Nonetheless, recently, the company has launched a community vote that would determine whether this status should be changed. In case the tokens are legitimized to be transferable, they can multiply the fortunes of Trump by billions on paper.
In a later update, the Trump family lessened its equity shareholders in World Liberty Financial. They declined their ownership to 40% in June. This news came in on the company website. Others explain that such a step is to reduce criticism and decentralize ownership.
On the whole, the debut of TrumpMeme on Tron shines as another risk-taking step by an increasing crypto kingdom of Trump. Its proponents are hoping that it will attract new investors. In the meantime, detractors are raising hard questions. The further steps made by Trump will most definitely remain in the spotlight as the world of crypto continues to evolve.