Despite previously claiming crypto is "worthless", Donald Trump – now the President of the United States – is quietly building a massive cryptocurrency empire, from memecoins, NFTs to DeFi, with the family's net worth increasing by $2.9 billion, of which 40% comes from digital assets.
"Memecoin empire" and the shocking figure of $320 million
The memecoin $TRUMP once caused a frenzy when it peaked at $77.26, but has now dropped over 86% to just $10.8. Nevertheless, the group behind this token – including CIC Digital LLC and Fight Fight Fight LLC – has earned $320 million in transaction fees, although 5% of that belongs to the Meteora platform. The two companies hold 80% of the total TRUMP supply and share profits from the transactions.
Notably, only 58 wallets earned over $10 million each, while 760,000 smaller wallets suffered losses. Similarly, the memecoin #MELANIA – named after the First Lady – dropped by up to 97% in just 4 months. An internal group "sniped" (purchased before the public sale) and earned $100 million, including Hayden Davis, a controversial figure with the LIBRA project in Argentina.
Not just memecoins: Trump is venturing into DeFi and NFTs
The Trump family is not stopping at memecoins. They are also behind World Liberty Financial, a DeFi project that raised $590 million in just two presale rounds in early 2025. However, its remaining value is only about $109 million due to the market crash.
Previously, Mr. #TRUMP also took advantage of the NFT wave to release a collection of personalized animated paintings, earning $8 million.
Million-dollar golf party and a series of ethical violation questions
Trump has also sparked controversy by announcing he will host a private party at his Virginia golf course for 25 people who hold the most TRUMP tokens. Among them, 19 are foreign entities or use offshore platforms – which is prohibited in the U.S. A larger dinner for 220 investors is being planned for the end of May.
This action has led senators like Adam Schiff and Elizabeth Warren to call for an ethics investigation, suspecting Mr. Trump of personal profiteering through memecoin tokens.
Crypto – the political tool of the new era?
Despite being criticized, Trump's influence is driving the crypto market, especially Bitcoin ETF funds and the memecoin craze. However, this also raises concerns about market manipulation, as profits largely flow into the hands of close associates, while retail investors suffer heavy losses.
Trump is using crypto not only to get rich but also as a political tool, blurring the lines between financial technology and political power. The question arises: is this a transformation of a digital age politician, or just a wealth model for a minority group?
The bill to "tighten" crypto is dedicated to the government?
In the face of criticism, Congressman Ritchie Torres (Democrat, New York) is preparing to introduce a bill prohibiting current and future presidents and members of Congress from profiting from memecoins and stablecoins, aiming to halt personal interests disguised as technology.
Risk warning: Investing in the cryptocurrency market carries significant risks and volatility. Investors should carefully consider and not invest beyond their financial means. Crypto is not suitable for everyone. #anhbacong