Investors Suffer Major Losses as WLFI, Trump Coin, and DJT Stock Drop Sharply
Trump-Associated Assets Decline: Major Trump-related assets, including Trump Coin, WLFI, and DJT stocks, have significantly dropped in value, leading to billions in losses for investors. Trump Coin fell from $50 to $8, while WLFI crashed to $0.1190, down 62% from its peak.
Market Capitalization Loss: The market cap for WLFI plummeted from $7.6 billion to $2.92 billion, and Trump Coin's valuation dropped from over $10 billion to $1.5 billion. DJT stock also saw a decline, falling from $54 to $14, with its market cap decreasing from $11 billion to $3.9 billion.
Trump Family's Crypto Gains: Despite the asset declines, the Trump family has reportedly made over $1 billion from their crypto investments, primarily from WLFI tokens, TRUMP Coin, and MELANIA coin. They also benefit from a $2 billion investment in Binance, receiving funds in Trump's stablecoin.
Broader Market Impact: The decline in Trump tokens aligns with a broader crypto market crash affecting various coins, including meme coins. DJT stock's drop is attributed to the downturn in Bitcoin treasury companies and weak business fundamentals, generating only $1 million in revenue last quarter.
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