President Trump’s cryptocurrency venture got off to a wild start.

World Liberty Financial’s flagship token, WLFI tumbled 50% from its launch peak after debuting on Monday, but still commanded a $5.98 billion market cap — making it the 27th-largest cryptocurrency in circulation, according to CoinMarketCap.

WLFI traded at 23 cents as of 5 p.m. ET on Tuesday after soaring to as high as 46 cents following its launch. 3

Several of the world’s biggest cryptocurrency exchanges, including Binance, OKX and Bybit, are offering the tokens on their platforms.

The token’s volatility came as Eric Trump attended a shareholder meeting in Tokyo for Metaplanet, a Japanese bitcoin treasury company he joined as an adviser in March, to back a plan to issue 550 million new shares and buy more bitcoin.

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