Trump’s Meme Coins Spiked to $74 After Launch, They Now Sell for $1.68, and He Still Walked Away with Over $600 Million
The disclosure runs 927 pages and lays out how fast the money moved. World Liberty Financial brought in more than $500 million from selling “governance tokens,” which regulators had warned carry no ownership stake and are hard to value. Buyers came anyway.
One of them, Chinese billionaire Justin Sun, spent $75 million on the tokens and $200 million on the souvenir coins. A federal lawsuit accusing him of duping investors was paused, then settled for a $10 million fine. Sun says his spending had nothing to do with the case.
Since trading began in September, the World Liberty tokens have dropped 80%. The souvenir coins have fallen even harder.
The filing shows revenue, not profit, so it doesn’t reveal what Trump actually pocketed after costs, taxes, or the tokens the family still holds. Those holdings have swung sharply in value along with the wider crypto market.
Crypto wasn’t the only driver. Trump took in tens of millions from a wave of new hotel, resort, and condo deals overseas, the biggest property expansion in the family business’s century-long history. A UAE property generated $10.4 million. One in Saudi Arabia sent his company $9 million. Deals in Romania and Qatar brought in $5 million each. Many of those countries were negotiating with the U.S. over tariffs, military aid, or tech access at the same time. Mar-a-Lago alone brought in $77 million, a 50% jump from the year before he returned to office.
Trump took office last year and reversed the Biden administration’s tough stance on crypto before his own products hit the market. Supporters say the shift fulfilled a campaign promise and helped a U.S. industry that had been driven offshore. Critics say the president is writing the rules for a market he personally profits from. Forbes puts his net worth at $6 billion, up from $2.3 billion in 2024.
The White House says his sons run the business through a trust and that he plays no role in its decisions, an arrangement ethics lawyers note is looser than the independent blind trusts recent presidents used. “Neither the President nor his family has ever engaged, or will ever engage, in conflicts of interest,” spokeswoman Anna Kelly said. “All actions by President Trump and his administration are taken in the best interest of the American people.”
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