Trump's Family Fortune Surges $1.3 Billion Following Launches of ABTC and WLFI Ventures
In a dramatic debut, ABTC, a company backed by the Trump family, experienced extreme volatility on its first trading day. Shares soared to an impressive $13 before crashing by more than 50% to around $6.72. This rollercoaster ride highlighted the potentials and dangers of the crypto markets.
ABTC is not the only Trump family venture in the crypto sphere. WLFI, a DeFi protocol linked to the Trump family, also faced high volatility. Prices shot up before falling more than 40%. On Monday, September 1, 2025, 24.6 billion tokens of WLFI were unlocked to trade.
The Trump family's foray into cryptocurrency has not only brought fluctuations but also contributed to the sector gaining legitimacy in the US after years of restrictive policies. The politician who supported the companies American Bitcoin Corp. and World Liberty Financial, which have connections with the Trump family, is Donald Trump.
Eric Trump's stake in ABTC, which he co-founded, was valued at over $500 million. Meanwhile, WLFI contributed $670 million to the Trump family's net worth. As a result, the Trump family's net worth increased by $1.3 billion this week, according to the Bloomberg Billionaires Index. However, the crypto investments have attracted criticism among Democratic lawmakers, who view it as a conflict of interest.
The high fluctuations in ABTC's stock led to five trading stops. Similarly, WLFI's price swings resulted in the same number of halts. The Trump family's presence in the crypto world has enhanced their influence in the sector, but it remains to be seen how these ventures will fare in the long run.
It's important to note that there is a separate news article titled "Trump-Backed WLFI Freezes 272 Wallets Over Security Threats". This incident underscores the need for robust security measures in the crypto industry, a challenge that many companies, including those backed by the Trump family, are grappling with.
As the crypto market continues to evolve, the role of influential figures like the Trump family will undoubtedly shape its future. Whether it's through investments, policy changes, or public perception, the impact of these ventures cannot be underestimated.
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