BlockBeats news, on November 24, according to the Bloomberg Billionaires Index, the total wealth of the Trump family has dropped from 7.7 billion USD in early September to about 6.7 billion USD currently, mainly dragged down by their rapidly expanding encryption investment portfolio. Among them, TRUMP coin has fallen about 25% since August, and the market capitalization of American Bitcoin (ABTC), a Bitcoin mining company held by Eric Trump, has slumped by 50%, evaporating over 300 million USD. Trump Media (TMTG) has seen its equity value drop by about 800 million USD due to adverse bets of 2 billion USD in Bitcoin and CRO, with a loss of about 25% on its 11,500 Bitcoin positions. Additionally, the WLFI token of the Trump family's encryption project World Liberty Financial has also fallen back from its peak value of nearly 3 billion USD.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network rebounds 3%, with the token listing on Kraken boosting buying confidence
Pi Network (PI) has recently surged, showing weakening profit-taking trends. Kraken and LBank have been added as official centralized exchanges supporting PI trading, enhancing liquidity. On-chain data shows CEX net inflows turning positive, indicating strengthened holding intent among holders. Technical analysis shows PI still faces resistance but has rebound potential, requiring a breakthrough of the 50-day moving average and rising RSI to challenge the psychological $0.20 level.
MarketWhisper8m ago
Amundi adopts Chainlink to promote tokenized funds, LINK still struggles to break $10
European asset manager Amundi has partnered with tokenization platform Spiko to launch a $100 million Spiko Amundi Overnight Swap Fund (SAFO), selecting Chainlink as its oracle infrastructure. However, LINK has failed to break above $10 since February. Despite on-chain data showing declining LINK holdings and increased ETF inflows, market sentiment remains cautious, making it difficult for prices to rise in the short term, and institutional adoption has yet to become a price catalyst.
MarketWhisper12m ago
VanEck: Bitcoin Miners "Sell Immediately After Mining," Put Option Signals Reach New Highs
VanEck research report indicates that while Bitcoin prices have declined, volatility and futures funding rates have stabilized. Miners face survival pressure and have sold off nearly all newly mined Bitcoin. Options market shows strong put demand, with historical data suggesting potential for a rebound. Overall on-chain activity has decreased, reflecting deepening financialization of the market.
MarketWhisper20m ago
Why Did the Crypto Market Decline Today? Bitcoin's Key Support at Critical Level, WLD Drops Over 10%
The cryptocurrency market has come under pressure recently, with total market capitalization retreating to 2.4 trillion dollars, while Bitcoin price hovers around 70,600 dollars. Market sentiment remains cautious, particularly with Worldcoin declining over 10%. In the short term, key support levels will influence market movements. If support breaks down or declines further to 2.32 trillion dollars, conversely, a strong rebound or recovery could occur if resistance is overcome.
GateNews24m ago
Oil Price Shock Coupled with War Risk, Bitcoin Key Support in Critical Condition: 65K May Be Next Target
Middle East tensions escalating and surging energy prices have impacted global markets, with Bitcoin experiencing significant price volatility and briefly breaking below $69,000. Federal Reserve policy has intensified market pressure, with analysts believing that rising energy prices will constrain asset performance, particularly Bitcoin. Currently, Bitcoin's trajectory depends on the macroeconomic environment, with $69,000 serving as a key short-term support level.
GateNews26m ago
