Trump-Linked Crypto Ventures Leave Investors Reeling with $4.7 Billion in Losses
Investors in crypto ventures linked to President Donald Trump's family are facing significant financial losses. According to reports, they have lost at least $4.7 billion, with a substantial portion of that coming from the TRUMP memecoin. The token has about 1.6 million Solana wallets holding unrealized losses, meaning these investors haven't necessarily sold their holdings.
The TRUMP memecoin accounts for the largest share of losses at approximately $3.2 billion. World Liberty Financial's WLFI token is another significant contributor to these losses, with investors down about $1 billion. Trump Media & Technology Group's Bitcoin holdings showed roughly $450 million in unrealized losses.
The foreign investment in World Liberty Financial's crypto bank has drawn scrutiny from Democratic lawmakers over potential conflicts of interest. Senator Elizabeth Warren called the bank approval 'self-dealing,' and Senator Adam Schiff introduced the COIN Act to restrict presidents, senior government officials, and their families from issuing or promoting certain digital assets.