Summary of this article
WLFI token launched, trading live on major cryptocurrency exchanges.
Trump family holdings valued at $5 billion on paper.
WLFI circulation totals 24.7 billion from 100 billion supply.
World Liberty Financial, a Trump family-backed crypto project, announced on Monday that its $WLFI token is “now live” and available for trading on leading decentralised exchanges. The listing allows investors to trade the digital asset publicly for the first time, according to an official announcement from the company.
The cryptocurrency venture established in 2024, launched its WLFI token on the open market this week. Donald Trump Jr., Eric Trump, and Barron Trump serve as co-founders of World Liberty Financial, while President Trump holds the co-founder emeritus title.
The Wall Street Journal reported that the debut added as much as $5 billion in paper wealth to the Trump family. The launch has been likened to an initial public offering, with WLFI now tradable on exchanges.
After debuting above $0.30 on Monday, WLFI has slipped to around $0.2246, down nearly 9 per cent from its opening levels. The token marketcap is over $5.5 billion, according to Coinmarketcap data, indicating the level of speculative interest after its launch.
WLFI is now trading on several major exchanges, including Binance, OKX, Coinbase, CoinMarketCap, Bybit, and others. The token currently ranks 27th by market capitalisation on coinmarketcap.
According to CoinMarketCap, President Donald Trump and his family collectively hold about 22.5 billion WLFI tokens. Out of the currency total supply of 100 billion tokens, roughly 24.7 billion are currently in circulation.
According to Reuters' calculations, the Trump family has made approximately $500 million from World Liberty since its launch last year, based on the company’s terms, blockchain activity, and publicly disclosed information.
In addition to WLFI, the Trump family is also connected to other digital assets that includes $TRUMP and $MELANIA memecoins. Trump Media has also entered the cryptocurrency space through a partnership with Crypto.com.
The family is also connected to American Bitcoin, a mining company that is preparing for a potential Nasdaq debut later this month. Reuters reported that the firm plans to go public through a SPAC merger with Gryphon Digital Mining. Asher Genoot, CEO of Hut 8 and American Bitcoin’s largest investor, shared details of the move at the Bitcoin Asia conference in Hong Kong.
