It's nice and symmetrical, and also sad.
, The Trump family has been able to “generate at least $2.3 billion in profit from investors since Trump retook the presidency,” while losses for the approximately one million people who put their money in Trump-related crypto investments “totaled $2.3 billion at the end of April.
”According to the report, the Trumps profited most of all from sales of $WLFI, the World Liberty Financial governance token, created byThat calculation included sales that were disclosed, along with an estimate of additional sales based on Reuters’ own investigation. World Liberty Financial told Reuters that token was “not an investment product” and that World Liberty “does not validate third-party methodologies for valuing governance tokens or estimating aggregate investor positions. ”since August of 2024.
One token started out worth about $0.31, but as of this writing is down to about $0.05. Other sources of Trump family profit, according to Reuters, included the $Trump memecoin. Losses were calculated by analyzing the blockchain itself, since the $Trump memecoin project doesn’t provide revenue disclosures.included “retail buyers”—average Joes and Janes, who fired up their wallet apps and made purchases—along with indirect investors who bought other Trump-exposed financial products like ETFs.
Reuters notes, however, that “a small number of large traders who were early buyers and sellers of $TRUMP made big profits. ”, a publicly traded company called AI Financial, which invested heavily in World Liberty Financial tokens, expressed doubt that it could survive another year.in less then a year, even as its co-founder and CTO, Eric Trump, saw his net worth grow dramatically over the same period.
A Farmer Donated Land for a Public Park and the City Sold It to a Data Center Developer for $10 Million The City of Taylor, Texas, is facing public outcry after residents found out a data center's being constructed on land donated as a public space. Researchers modeled 1,000 years of earthquake history along Southern California's San Andreas and San Jacinto faults. What they found was troubling.
Jacob Elordi, Margaret Qualley, Josh Brolin, Allison Janney, Benedict Wong, and Guy Pearce star in 'The Dog Stars,' out August 28.
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