What are flipping properties and stocks? Trump's wealth now relies on flipping cryptocurrencies
According to FDV calculations, one day after the launch of TRUMP coin, the floating profit of Trump and his company's accounts has exceeded $50 billion, with TRUMP coin accounting for 89% of Trump's net worth. Prior to this, Trump's wealth mainly came from traditional real estate businesses and his media and technology group (DJT). Based on the ranking of all his assets, Trump's net worth has entered the top 25 in the world
The price of personal tokens skyrockets, and Trump's wealth surges.
On Saturday morning local time, U.S. President-elect Trump suddenly announced the launch of his personal meme coin "TRUMP," sparking a market frenzy. Wall Street Insight previously mentioned that 80% of the token's supply is controlled by Trump's affiliates CIC Digital LLC and Fight Fight Fight LLC, the latter of which will receive revenue generated from trading activities.
As of the time of writing, the price of TRUMP has risen to $43.13, with a daily increase of 244%, having previously surged past $70, and the fully diluted valuation (FDV) skyrocketing to $43.5 billion.
With the surge in TRUMP's price, Trump's wealth has also increased significantly. According to FDV calculations, one day after the launch of TRUMP, Trump and his company's accounts have already seen a floating profit exceeding $50 billion.
According to media estimates, TRUMP now accounts for 89% of Trump's net worth, whereas previously, Trump's wealth primarily came from traditional real estate businesses and his media and technology group (DJT).
The initial issuance of TRUMP was set at 200 million tokens, with an expected issuance of 1 billion tokens within three years. On average, Trump's company will be able to sell about 24 million TRUMP tokens to the market each month, which, at the current price, will generate monthly revenue of $1.73 billion, or $20.7 billion annually.
Based on the ranking of all his assets, Trump's wealth has now entered the top 25 globally.
Following the release of TRUMP, Trump's wife Melania Trump also quickly launched her own cryptocurrency MELANIA—making the Trump family cryptocurrency billionaires over a single weekend.
Analysts point out that this series of actions demonstrates Trump's ability to convert power into wealth, marking the opening of the political meme coin market; however, this behavior also blurs the lines between government roles and business interests, raising suspicions of "profiting from the presidential position."