Summary
- The virtual asset project World Liberty Financial (WLFI), backed by Donald Trump and his family, was listed on major global exchanges.
- The Trump family holds 22.5 billion of WLFI's total supply of 100 billion tokens, and the listing secured assets worth about 5 billion dollars (7 trillion won).
- WLFI has shown price volatility since listing, and through this the value of the Trump family's stake could be more precisely assessed.
Donald Trump and his family's virtual asset (cryptocurrency) project, World Liberty Financial (WLFI), whose token is backed by the Trump family, had the value of the family's holdings revealed as WLFI was listed on major global exchanges.
On the 1st (local time), The Wall Street Journal reported that the Trump family secured assets worth up to 5 billion dollars (about 7 trillion won) through World Liberty Financial.
World Liberty Financial completed listings on major global exchanges, including Binance, the world's largest virtual asset exchange, as well as South Korean exchanges Upbit and Bithumb.
As of 7:41 a.m. on the 2nd (Korean time), World Liberty Financial is trading on Upbit at 314 won, down 19.95% from the previous day. On Binance, it is trading around 0.23 dollars.
The Trump family holds 22.5 billion out of the total WLFI supply of 100 billion tokens. At current market prices, this amounts to about 5.01 billion dollars.
That volume was difficult to accurately value before listing, but with 24.6 billion tokens of the initial supply being traded this time, a concrete valuation has become possible.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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