Ah, the gilded halls of power! No, not the White House, but rather the gaudy, crypto-infused empire of the Trump family. Under the looming shadow of his second term, President Donald Trump’s personal fortune has soared to breathtaking heights, all thanks to the family’s ingenious plunge into the murky waters of cryptocurrency. Who needs diplomacy when you’ve got a billion-dollar crypto bonanza, right? 🍿
In a rather shocking revelation, an investigation by the Financial Times unearthed the staggering truth: The Trump family’s crypto operations have brought in a cool billion (pre-tax, naturally). The kind of number that makes the rest of us question every life decision that didn’t involve digital coins with absurd names. 🤑
Trump Family Generates Over $1 Billion In Profit
Let’s not mince words. The Trump dynasty has struck gold, and not in the old-fashioned way. The family’s vast crypto portfolio has ballooned thanks to World Liberty Financial and, let’s not forget, the infamous TRUMP and MELANIA memecoins. Memecoins, you say? Yes, those oddball tokens that make you wonder if we’re all just playing a giant cosmic joke on ourselves. Eric Trump, ever the candid one, boldly claims that the actual profits may even exceed the published $1 billion-because, why not aim higher? After all, Forbes estimates that the Trump patriarch’s net worth is a breezy $7.1 billion, and this crypto venture likely makes up a hefty chunk. 💸
World Liberty Financial
At the heart of this crypto scheme is World Liberty Financial, a venture co-founded by Donald and his three sons-because of course, no one does family business quite like the Trumps. They’ve been hawking billions in tokens and stablecoins like they’re candy on Halloween. And guess what? They’ve even got a crypto lending app in the works. If that doesn’t scream “futuristic” with a side of “how did we get here?” I don’t know what does.
Among the various financial wonderments, President Trump disclosed a modest $57.4 million from his involvement in World Liberty Financial. And it doesn’t stop there. Just last month, it was revealed that the Trump family’s stake in the project had surpassed $5 billion-talk about a hefty return on investment, huh? According to the Financial Times, the Trump family pocketed over $550 million from sales of their WLFI token this year, thanks to some big names like crypto billionaire Justin Sun and the UAE-based Aqua 1 Foundation. 🏦
Trump Family Memecoins
Now, let’s talk about the crown jewels: the TRUMP and MELANIA memecoins. Yes, in case you’re wondering, these are exactly what they sound like: coins tied to internet memes. The TRUMP memecoin has generated a tidy $362 million in profit, while MELANIA has brought in a slightly more humble $65 million. But here’s the catch-both coins have taken a dive, with TRUMP down over 90% from its peak and MELANIA, well, down 99%. Because nothing says “stable investment” like a meme with a rollercoaster trajectory. 🎢
Oh, and don’t forget about the USD1 stablecoin. It’s now the fifth-largest in the market, with a market cap of $2.68 billion. President Trump’s personal stake in Trump Media & Technology Group (the parent company of Truth Social, which surely won’t get into any more controversy) is worth about $1.9 billion. Additionally, the bank launched by Erebor, backed by Peter Thiel and with crypto ties, is also in the cards-because why not throw a bank into the mix for good measure? 🏦
A Major Point Of Contention
Of course, all this crypto success has raised a few eyebrows, especially in the realm of politics. Senators have been rather vocal about Trump’s crypto dealings. Democratic Senator Elizabeth Warren, not known for her subtlety, dubbed a dinner hosted by the president for top TRUMP memecoin holders as “an orgy of corruption.” Classy. And naturally, Eric’s admission that the Trump family made over a billion from crypto only stirs the pot further. But let’s be real-when has anything the Trumps do *not* stirred the pot?
And as for the crypto community? They’re not exactly thrilled by Eric’s boasting. Many see it as a little too smug, especially given the ethical minefield that’s involved. Mert Mumtaz, founder of Helius Labs, put it succinctly on X:
“Wiping out billions with a single angry tweet, making billions from crime. Thanks for playing, kiddo. Something tells me the other side will politicize crypto in the next election.”
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2025-10-17 22:16