1. Trump started a crypto project: During his presidential campaign, Trump prominently launched a crypto project called 'World Freedom Finance', claiming it would be available for everyone in September. He made a lot of noise, saying it would spark a 'financial revolution'. The project involved selling a type of non-transferable digital token.
2. Is the project very 'biased'? The project is designed clearly: as long as the company can earn the first $30 million in revenue, it has to directly pay 75% of that money to the Trump family! This is essentially a disguised way of letting fans give money to Trump.
3. Complex layout, like a maze: In July 2024, the Trump family created a bunch of companies, layering them like Russian dolls, making their shares in WLFI particularly complicated, which ordinary people can't understand at all. At the beginning, their parent company 'DT Marks DEFI LLC' held 75% of the shares.
4. Cashed out quickly after inauguration: After Trump was sworn in as president on January 20, this matter became even more interesting! The companies controlled by his family almost immediately began to sell tokens wildly, selling nearly $200 million worth in one go!
5. Secretly selling shares: Forbes uncovered shocking information: during these 11 days, the Trump family's shareholding in WLFI mysteriously dropped from 60% to around 40%. How was it sold? To whom? Not a word was mentioned publicly, making it very mysterious.
6. Earned a fortune: Although the price was not publicly disclosed, Forbes estimated that based on the pricing of similar crypto companies in the market, the Trump family secretly sold shares this time, likely making a pure profit of $190 million! It is estimated that about $135 million went directly into Trump's pocket.
7. The remaining shares may still rise: The U.S. Senate recently passed a regulatory bill on stablecoins. Analysts say this policy could increase the value of companies in the entire crypto industry. You can see that Circle's stock price has risen accordingly. Therefore, the remaining 40% of shares in the Trump family's hands may become even more valuable.
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