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New Trump Crypto Token WLFI Boosts Wealth by $5 Billion

UPDATE: A new cryptocurrency, WLFI, launched by the Trump family’s World Liberty Financial, has reportedly increased their wealth by approximately $5 billion since trading began earlier this week. Despite an early surge, the token has experienced significant volatility, dropping from a high of 40 cents to as low as 21 cents within just two days.

The fluctuation in WLFI’s value highlights the unpredictable nature of new cryptocurrencies. As of Tuesday afternoon, the token had rebounded slightly to around 23 cents, but the Trump family’s substantial stake of 22.5 billion WLFI tokens remains under lock due to founder restrictions. World Liberty Financial did not respond to requests for comment.

This development is not just a matter of wealth—it’s a significant moment for Donald Trump, who has shifted from skepticism to advocacy for cryptocurrency, aiming to position the U.S. as the “crypto capital of the world.” In July, Trump signed the Genius Act, the first major federal law regulating cryptocurrencies, further emphasizing his commitment to the sector.

The launch of WLFI has sparked controversy, drawing scrutiny from watchdog groups and Democratic lawmakers about potential conflicts of interest. In response, White House press secretary Karoline Leavitt stated, “The media’s continued attempts to fabricate conflicts of interest are irresponsible and reinforce the public’s distrust in what they read.”

Critics point to the concentration of power among the Trump family, who own over 20% of WLFI tokens. However, World Liberty Financial has implemented measures to limit governance influence, stating that no single digital wallet can control more than 5% of the governance power.

The volatility in WLFI’s price is typical for new token launches, according to Nic Puckrin, CEO of Coin Bureau. He noted, “The price action from 40 cents to 21 cents is typical for new token launches. Early hype usually drives initial spikes, followed by a wave of selling.” Despite the drop, early investors still see gains from private sales.

WLFI is designed to grant its holders governance rights over World Liberty Financial, particularly regarding the USD1 stablecoin, which is pegged to the U.S. dollar. This governance feature is intended to differentiate WLFI in a crowded market, allowing token holders a say in the future direction of the company.

Trump’s ventures into cryptocurrency extend beyond WLFI. The controversial $TRUMP meme coin recently attracted attention when it offered top holders a chance to dine with the former president. Investors spent approximately $140 million on the token, which surged in value before recently falling to around $8.30.

As WLFI continues to evolve, the implications for the Trump family’s wealth, the crypto market, and potential conflicts of interest remain critical areas for scrutiny. With the cryptocurrency landscape rapidly changing, investors and analysts are closely monitoring the developments surrounding both WLFI and Trump’s broader engagement with digital assets.

Stay tuned for additional updates as this story unfolds.

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