The recent crypto market downturn has led to significant losses for Donald Trump's growing digital asset empire.
During his second term, the family actively invested in cryptocurrency projects. However, the sharp decline in this sector has resulted in a significant portion of their recently accumulated wealth being wiped out.
According to Bloomberg, the president's family's net worth has declined from $7.7 billion in early September to $6.7 billion. These losses are due to falling token prices, declining stock prices, and an increase in the share of volatile projects promoted by circles associated with the US president.
Trump-linked cryptocurrencies have fallen significantly in recent months. The family-owned company, World Liberty Financial, holds a large amount of WLFI tokens. In early September, the digital asset traded around $0.26, but has now fallen to $0.15. Consequently, the family's frozen assets have fallen to approximately $3.15 billion, down from a previous valuation of $6 billion.
Trump Media has also faced significant consequences. This year, the firm heavily invested in cryptocurrency while expanding Truth Social. The organization purchased approximately 11,500 bitcoins at an average price of approximately $115,000. These investments are currently generating significant losses, as the flagship cryptocurrency is trading at $86,000.
Furthermore, the company purchased a large amount of CRO tokens, the value of which has fallen by nearly half since September. As a result, Trump Media shares are trading near a record low after falling approximately 66% over the past year.
American Bitcoin, a mining company linked to Eric Trump, is also posting losses. In early September, shares traded above $9 before falling 50%. As a result, Eric Trump's maximum stake has been reduced by more than $300 million.