Trump and sons' stake in crypto firm worth $5bn

As of Tuesday, WLFI was trading at around $0.22 on exchanges such as Binance and Coinbase, after sinking roughly 50% since the start of trading on Monday.

While the fall indicates tepid demand, the coin is still trading at a higher price than what many early buyers would have paid initially, putting them in line for profit.

"We're setting a new standard for financial freedom; built on trust, speed, and U.S. values," Eric Trump wrote on social media. "This is a huge moment for the future of money!"

According to financial disclosures, Trump himself holds roughly 15.75 billion WLFI tokens worth more than $3.4bn, making crypto the most significant source of his fortune.

The Trumps overall control just under a quarter of the roughly 100 billion WLFI coins that it created last year, giving them claim to holdings worth roughly $5bn, as of Tuesday's prices.

Trump and his sons also get a cut of the revenues generated by coin sales, an arrangement that has already helped to bring in more than $500m, according to Reuters calculations.

That revenue got a boost last month after World Liberty Financial joined forces with another publicly traded firm that had raised $750m from investors to buy the cryptocurrency, a deal that puts World Liberty Financial in the unusual position of being both buyer and seller of the WLFI token.