The World Liberty Financial family company became a profitable enterprise for Trump and his sons a day after the launch of public trading tokens WLFI, Tyler Warner drew attention. Trump’s family owns about a quarter of all WLFI tokens released. Three sons of the US President, Donald Trump Jr, Eric Trump (Eric Trump) and Barron Trump, are co-founders of World Liberty, and their father is called the “honorary co-founder”.
Once the Trump family accounts for more than 22.5 billion WLFI, then at the current prices the value of these assets is about $ 6 billion, added the host Morning Minute.
According to the results of the first day of bidding, the fully diluted cost (FDV) of WLFI tokens reached $ 40 billion in the moment. The price of the opening of trading was about $ 0.35, then fell to $ 0.21 and recovered by the evening of September 1 to $ 0.25 dollars. In public rounds, token was sold in the range from $ 0.015 and $ 0.05, which allowed to attract up to $ 550 million.
The day before, experts in the field of cybersecurity of SlowMist said that some of the owners of WLFI tokens became victims of a phishing attack.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
