Trump Family Faces Crypto Portfolio Decline Amid Industry Downturn
Recent developments in the cryptocurrency market have resulted in significant losses, impacting various stakeholders, including ventures linked to the Trump family. The downturn, referred to as a “crypto wipeout,” has erased approximately $1 trillion in market value over the last three months, affecting numerous cryptocurrencies and blockchain investments.
Trump Family’s Crypto Holdings Decline
Since October 10, following a notable dip in the crypto market, the Trump family’s investments in this sector have seen varying degrees of devaluation. Among their holdings, American Bitcoin has performed the worst, experiencing a decline of roughly 80%. This Bitcoin mining and holding company, backed by Donald Trump’s sons, Eric and Donald Jr., has a current market capitalization just above $1 billion, a stark contrast to its previous high of nearly $8.5 billion upon its public debut in September.
Performance of Trump-Tied Crypto Assets
While American Bitcoin has suffered considerably, another asset tied to the Trump family has fared slightly better. The $MELANIA memecoin, associated with former First Lady Melania Trump, has decreased by only 27%. This token gained traction recently with the upcoming release of a documentary featuring Melania Trump. However, it remains down over 98% from its launch, which occurred one day before Donald Trump’s inauguration.
Impact of Industry Downturn
The decline in the Trump family’s cryptocurrency holdings aligns with the broader downturn in the digital asset market, known for its volatility. Previously, it was estimated that the family’s crypto portfolio was valued at around $3 billion, with significant investments in several companies and cryptocurrencies.
- American Bitcoin
- ALT5 Sigma
- Trump Media & Technology Group
- $MELANIA memecoin
- President Trump’s memecoin
- World Liberty Financial
The family’s stake in World Liberty Financial has reportedly netted them at least $1.2 billion in cash over the past 16 months. This figure highlights the profitability of at least one segment of their crypto portfolio despite the recent market turmoil.
As the crypto landscape continues to fluctuate, there are growing concerns about the sustainability of the Trump family’s digital asset investments. Analysts are questioning whether these holdings can endure potential future market fluctuations.
