The Trump family just became $5 billion richer (on paper) thanks to its latest crypto venture.

The Trumps’ new digital currency WLFI began trading on Monday with about $1 billion worth of the tokens changing hands within an hour. Despite the token plunging in price on its first day of trading, the family gained as much as $5 billion in hypothetical wealth following the debut, the Wall Street Journal said in a report.

The launch was sort of a crypto version of an initial public offering: early investors who bought the token from Trump’s venture World Liberty Financial were not able to sell any of it until Monday, when they got to do so with high premiums. The token is now available on major exchanges like Binance and Coinbase.

The Trump family and other founders’ tokens still rem

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