Recent crypto market declines wiped out over a billion dollars from the Trump family’s net worth, with sharp drops in Bitcoin assets, mining ventures, and token valuations.
The Trump family’s net worth dropped by more than $1 billion in the past month due to a broad crypto market sell-off, reducing their total wealth to around $6.7 billion. Losses stemmed from declines in President Trump’s TRUMP memecoin, Eric Trump’s Bitcoin mining venture American Bitcoin Corp, and Trump Media & Technology Group’s $2 billion Bitcoin investment, which fell 25% in value. World Liberty Financial’s token price plunged from $0.26 to $0.15, erasing approximately $2 billion in market value. Hut 8 Corp shares also halved, cutting about $300 million from Eric Trump’s holdings. Family representatives expressed confidence in long-term crypto prospects despite the downturn.