Since taking office, the presidential family dove into digital assets, but today they face the fall of Trump’s crypto empire amidst a severe correction. Recent investigations by the group Accountable.US reveal that market volatility has wiped out much of the accumulated gains, severely affecting both the family fortune and the loyal retail investors who followed their financial footsteps.
The family digital portfolio has suffered widespread losses across nearly all their ventures, ranging from speculative memecoins to Bitcoin mining operations. The WLFI token plummeted from 0.26 dollars to 0.15 dollars, reducing the president’s locked value from 6 billion down to approximately 3.15 billion. Additionally, American Bitcoin Corp., the mining company co-founded with Hut 8, saw its shares drop by half, eliminating nearly 300 million from Eric Trump’s personal wealth.
This pullback is critical given that, at its peak, digital assets represented a majority and growing portion of the presidential fortune. August data indicated that nearly 73% of Trump’s wealth was tied to cryptocurrency-related deals, a figure that rose drastically since April. The strategy of rebuilding the family financial empire on the foundation of blockchain technology and decentralized finance now faces its toughest test.
Will political loyalty be able to sustain investments in the face of massive losses?
The financial impact transcends the Trump name, hitting retail investors hard who bet on these projects near their all-time highs. The fall of Trump’s crypto empire coincides with a widespread market collapse that has wiped out over 1 trillion dollars in total value. This correlation exposes the risks of linking political capital with highly volatile markets, where leveraged positions and massive liquidations occur without ideological distinction.
The current landscape suggests a drastic cooling of the speculative enthusiasm that initially drove these business initiatives following the inauguration. As indicators remain in the red and volatility persists, it remains to be seen if the presidential family will restructure its digital strategy to mitigate damages or if retail holders will maintain their positions. The intersection between politics and finance remains unstable ground for investors.
