According to World Liberty Financial’s website, DT Marks DEFI LLC and certain Trump family members previously held 22.5 billion WLFI tokens. The company unlocked the tokens as part of its plan to create the initial circulating supply. This allowed the Trump family’s holdings to reach a value of around $5 billion based on the release-day WLFI price. 

Trump’s Crypto Ventures and Memecoin Support 

Trump and his sons backed the crypto project launched in September 2024 during the presidential campaign. The initiative includes the official Trump memecoin and a family-owned Bitcoin mining company. However, critics argued the projects could influence U.S. government policies through financial ties to the president. On the other hand, The New Yorker reported that Trump earned roughly $2.4 billion from crypto ventures since 2022. 

The family also earned revenue from its mining venture and memecoin. Additionally, Trump gained $243 million from crypto agreements between the U.S. and the United Arab Emirates. Moreover, the Trump Media & Technology Group earned $1.3 billion from its Bitcoin holdings. 

American Bitcoin IPO and Gryphon Digital Merger 

The Trump family’s crypto mining company, American Bitcoin, will go public following its merger with Gryphon Digital on Tuesday. The deal involves a reverse five-for-one stock split. The combined company will trade under the ABTC symbol. This IPO offers new opportunities for investors. Meanwhile, the merger has drawn attention in both U.S. and international crypto markets. 

As a result, the Donald T. family secured significant growth in crypto investments. Their holdings now demonstrate strong influence in both token markets and the mining sector. Crypto investors and enthusiasts are closely following these developments. 

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The trader, whose blockchain address is “TEP7…T1da,” invested 5,000 TRX (approximately $650) to purchase 6.87 million Sundog (SUNDOG) tokens. Within seven hours, Sundog’s value skyrocketed, allowing the trader to sell those tokens for 522,840 TRX, equivalent to $68,000 at the time. This resulted in an impressive return on investment of $67,350.

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The investor did not liquidate all of his assets and still owns 2.29 million Sundog tokens worth around $76,000. Sundog, a meme coin that can be used by dogs, saw a surge in value that has made meme-based cryptocurrencies gain popularity in 2024. At its peak, Sundog was valued at 0.04609 and showed a staggering 71,656.51% increase on the daily charts on the Bitget exchange.

Of course, it is worth noting that newly released memecoins experience quite high volatility and carpet pulling events quite frequently. Users who will invest should manage their own risks and make their investments by considering these possibilities.

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