US President Donald Trump and his wife, Melania, launched a pair of memecoins just days before his return to the White House on January 20. These tokens generated billions in market value in a matter of hours, and several financial news outlets, including Forbes, believe they may have boosted his net worth by billions
It has been exactly one week since the Official Trump (TRUMP) debuted on Solana decentralized exchange, Meteora. According to The Kobeissi Letter, the token reached its peak at $75 within two days of its launch, but has since dropped 60% since then.
In those seven days, TRUMP lost about $10 billion of market cap, which now stands at $5.8 billion as of today, per Coingecko data.
Critics have objected to the President launching the memecoin, saying he has made a mockery of the whole crypto industry, while making a fortune from it.
However, some economists argue that DJT does not appear to have violated any laws. They claim federal regulations prohibit executive branch employees from waging policy matters that directly affect their financial interests but do not extend to the president or vice president.
The US President’s ‘rich’ portfolio
Forbes Billionare Index places Trump’s overall net worth at $6.7B as of January 21, 2025. To that end, he stands at 319th on the Forbes 400 list for 2024 and 1,438th in its billionaires in 2024.
However, a report from Axios revealed that DJT’s crypto holdings reached an astonishing $58 billion on January 19, propelling him into the ranks of the world’s 25 richest individuals.
When asked about the memecoin during a press at an AI conference on Tuesday, Trump appeared to distance himself from the project.
“Well, I don’t know if it benefited. I don’t know where it is. I don’t know much about it other than I launched it,” he remarked. “I heard it was very successful. I haven’t checked it. Where is it today?” he responded.
TRUMP’s tokenomics might have also aided in boosting the businessman’s portfolio net worth. According to the website affiliated with the project, gettrumpmemes.com, 80% of the token’s total supply is controlled by Fight Fight Fight and CIC Digital, a Trump Organization-affiliated company registered in Delaware.
Of the 1B tokens created, only 200M have been officially released into the market. The remaining supply is scheduled for sale over the next three years.
Trump to benefit from World Liberty Financial
President Trump’s wealth has seen substantial growth since his re-election. On January 13, his net worth went up by $865M.
In addition, the 47th US President and several unnamed associates are set to receive 75% of the revenues from World Liberty Financial. The Trump family reportedly controls approximately 22.5 billion $WLFI tokens through subsidiaries.
Earlier this month, DJT announced that he would transfer the daily management of his business assets to his children, upon his official entry to the White House.
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