Cryptocurrency prices have recently plummeted, taking away over $1 billion of wealth from the Trump family.
The prices of cryptocurrencies are entering a downward trend. Taking Bitcoin as an example, it has dropped by as much as 25% in the past two months, causing widespread concerns in the market. The token WLFI under the World Liberty Financial Company founded by Trump and his family members has accumulated a 51% drop since its peak in early September. The meme coins named after Trump himself and his wife Melania have fallen by 90% and 99% respectively from their highs in January. Data shows that the current downturn in the cryptocurrency market has led to a reduction of over $1 billion in the Trump family's wealth, but their wealth remains considerable.
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