The recent downturn in the cryptocurrency market has erased a staggering $1 trillion in value over the past three months, affecting every aspect of the industry. This includes several crypto ventures that have links to former President Donald Trump’s family. Although the family’s overall portfolio has faced losses, some assets are faring worse than others.
Since the “flash crash” in the cryptocurrency market on October 10, U.S. Bitcoin stocks—supported by Trump’s sons, Eric and Donald Jr.—have taken a significant hit. These stocks have plunged around 80%, surpassing the decline seen in Bitcoin itself. Currently, their market capitalization hovers just over $1 billion, a stark contrast to the company’s peak valuation of about $8.5 billion when it went public in September.
Amidst this turmoil, the most resilient crypto asset related to President Trump has been $MELANIA, a meme coin associated with the First Lady. Although it dropped by 27%, it saw a brief upswing ahead of the release of Melania Trump’s documentary in late January. Yet, since its launch the day before Trump took office last year, it has depreciated by more than 98%.
The decline in the Trump family’s cryptocurrency assets mirrors the broader downturn affecting many cryptocurrencies, which are known for their volatility. In the past year, a significant portion of the Trump’s wealth has been invested in the blockchain sector, leading to fluctuating values in their crypto holdings. A breakdown of the primary elements of the Trump family’s crypto investments shows this volatility well.
Traditionally, the Trump family has profited from real estate ventures. Estimates suggest that as of early January, their cryptocurrency assets were valued at around $3 billion. This includes interests in public firms like American Bitcoin, the crypto custodian ALT5 Sigma, and the Trump Media & Technology Group, which has invested nearly $1 billion in various major cryptocurrencies.
Additionally, the family’s portfolio includes three cryptocurrencies: Melania Memecoin, the President’s Memecoin, and another launched by World Liberty Financial, a crypto company established by his sons.
The recent sell-off in the digital asset market might lead some to question whether the Trump family’s crypto investments can endure market fluctuations over time. But, in the grand scheme of things, gains or losses on paper may not hold much significance. In fact, the Trumps are reported to have withdrawn at least $1.2 billion in cash from World Liberty Financial over the past 16 months, a venture that appears to be among their most profitable in the cryptocurrency space, according to recent analyses.
A representative for World Liberty Financial chose not to comment on this situation.
