The WLFI market debut brought a project exceeding $ 26 billion. The token that allows owners to participate in the management of the World Liberty Financial, the Trumps cryptocurrency platform, was previously blocked and did not trade.
The property of the US President Donald Trump and his family members increased on Monday by almost $ 6 billion, just a few minutes after the publication of their public trading in the Ethereum Wlfi tokens.
The Trump family have a total of 22.5 billion WLFI tokens, according to the information published on the World Liberty Financial website. This is almost a quarter of total supply.
The statement indicates that tokens belong to an entity associated with the president and “certain family members”. The identity of these family members was not disclosed, although the sons of Trump – Eric Trump, Donald Trump Jr. And Barron Trump – are co -founders of World Liberty.
Donald Trump is rich in cryptocurrencies. Memcoin first, now WLFI
Will the Trumps soon be able to sell these tokens to other investors and make a huge profit? The answer is unclear – writes DECRYPT.CO.
In a statement issued on Monday by World Liberty, it was announced that 33.5 billion WLFI tokens reserved for team members are currently not in circulation and still remains blocked. The project announced that these tokens will be unlocked over time according to the schedule of rights, but this schedule remains “to be determined”.
Currently, there are about 24.7 billion WLFI tokens in circulation, from a total supply of 100 billion.
Since returning to the office, the president and his family have increased their net assets by billions of dollars thanks to cryptocurrency projects such as World Liberty and Memcoin $ Trump.
Source: Decrypt
