The cryptocurrency market has faced a tumultuous decline over the past three months, erasing a staggering $1 trillion in market value. This sweeping downturn has affected various sectors of the industry, including the ventures associated with the Trump family. While every segment of their crypto portfolio has seen a dip, the severity of the losses varies across different assets.
Among the hardest-hit investments tied to the Trump family is American Bitcoin, a mining and holding firm financially supported by President Donald Trump’s sons, Eric and Donald Jr. Following the “flash crash” on October 10, which triggered widespread panic in the crypto realm, American Bitcoin’s stock suffered a dramatic fall of approximately 80%. The company, which achieved a market capitalization near $8.5 billion at its public debut in September, now flounders at just over $1 billion.
Conversely, the most resilient asset within the Trump family’s crypto investments has been Melania Trump’s memecoin, $MELANIA. This token has only fallen about 27% in value. It saw a brief resurgence ahead of the release of Melania Trump’s documentary in late January. However, despite its relatively stronger performance, $MELANIA remains down over 98% from its initial launch, which occurred just a day prior to President Trump’s inauguration last year.
The financial downturn impacting the Trump family’s crypto assets aligns closely with the broader trends in the notoriously volatile cryptocurrency market. The family’s significant exposure to digital currencies raises questions about the sustainability of their investments in this unpredictable environment. As of early January, estimates had valued the Trump family’s crypto holdings at around $3 billion, encompassing shares in public companies like American Bitcoin and ALT5 Sigma, as well as the Trump Media & Technology Group, which has invested nearly $1 billion in various cryptocurrencies.
In addition to stocks, the Trump family’s crypto interests also include three digital currencies: Melania’s memecoin, Donald Trump’s own memecoin, and a currency introduced by World Liberty Financial, active in the crypto sphere and launched by the president’s sons.
Interestingly, despite the current market volatility, the Trump family’s financial strategies may not be solely reliant on paper gains. Over the past 16 months, they have reportedly cashed out at least $1.2 billion from World Liberty Financial, making it their most profitable crypto venture to date. This strategic move raises intriguing questions about the family’s long-term outlook in the ever-evolving digital asset landscape. A spokesperson for World Liberty Financial has chosen not to comment on the situation.
