Donald Trump’s cryptocurrency fell by 25%

According to Bloomberg, Donald Trump’s family’s wealth has decreased by about $ 1 billion, from $ 7.7 billion in early September to about $ 6.7 billion. The reason was the sharp drop in the cryptocurrency market, which has lost more than $ 1 trillion in capitalization in recent weeks. The collapse hit not only the Trumps' portfolios, but also investors who had invested in crypto projects associated with the former US president’s brand.

Trump Media, the company that owns the Truth Social social network, suffered the biggest losses. Its shares dropped to a historic low, and Donald Trump’s stake decreased by $ 800 million. The company has invested about $ 2 billion in bitcoin and related assets, purchasing 11,500 BTC at a price of about $ 115,000 per coin. The price has now dropped, resulting in an estimated 25% loss on this investment.

The World Liberty Financial crypto project also suffered significant losses — the WLFI token fell from 26 to 15 cents. Its market capitalization decreased from $ 6 billion to about $ 3.15 billion. Also, American Bitcoin, in which Eric Trump owns 7.5% of the shares, lost at least $ 330 million: its shares more than halved from $ 9.31 to less than $ 5.

A separate drop in the value of Trump’s meme-cone is noted, which has lost about 25% since August. Nevertheless, the family’s portfolio has grown in nominal terms due to the unlocking of almost 90 million tokens, which are estimated at $ 220 million.

According to analysts, the decline in the crypto market is due to uncertainty about the US Federal Reserve’s monetary policy, a slowdown in global financial markets, and large investors' sell-offs. Donald Trump remains one of the largest private owners of bitcoin in the United States, with his crypto assets estimated at approximately $ 870 million, mainly through Trump Media and Technology Group, which owns the Truth Social platform.