Crypto projects tied to the Trump family are back under the spotlight. Scrutiny intensified after World Liberty Financial (WLFI) reportedly used its own token as collateral to borrow millions of dollars in stablecoins on Dolomite. During the week, WLFI fell more than 19% and briefly touched an all-time low of $0.07726. At the same time, the ecosystem’s stablecoin USD1 continued to gain traction, reaching a market capitalization of $4.186 billion and ranking as the world’s sixth-largest stablecoin.
WLFI weakens while USD1 keeps growing
Founded in 2024, World Liberty Financial is positioned as a DeFi initiative aimed at linking traditional finance with blockchain-based systems. Its main products are the WLFI governance token and the USD1 stablecoin. Data cited in the report shows USD1 rising from about $726 million on April 29, 2025 to $4.186 billion by April 11, 2026, a gain of 476.3% in less than a year. Supply remains concentrated on BSC and Ethereum, which account for 42.74% and 37.55% respectively.
WLFI has followed a very different trajectory. Launched on September 1, 2025, the token was trading around $0.07998 at the time of writing, down 75.9% from its peak of $0.3313. The token has a fixed supply of 100 billion, with roughly 24.67 billion currently circulating and the rest still locked. Distribution is heavily weighted toward insiders and reserves, including allocations for the team and advisors, treasury, and public sale.
TRUMP, MELANIA, and NFTs all lost ground from peak levels
Beyond WLFI, Trump-linked digital asset projects also include the official TRUMP and MELANIA meme coins, as well as the earlier Trump NFT card collection. TRUMP launched on Solana on January 17, 2025 and surged from just cents to an all-time high between $73 and $75, briefly implying a market cap of roughly $12 billion to $15 billion. By April 11, 2026, however, the token had fallen to around $2.80 to $2.90, representing a drawdown of about 96%.
MELANIA, introduced two days later on January 19, 2025, climbed to roughly $13.73 before reversing sharply. By early 2026 it was trading in the $0.10 to $0.17 range, down around 99% from its peak, with a market capitalization estimated at $100 million to $160 million. The report argues that both meme coins fit a familiar pattern: concentrated early trading, rapid price discovery, token structures favoring insiders, and prolonged declines borne mostly by retail investors.
Trump’s original NFT trading cards debuted in December 2022. The first batch included 45,000 cards priced at $99 each. The collection’s floor price now stands near $64.55, down 34.8% from mint price, and it ranks 97th among the top 100 NFT collections tracked by nftpricefloor.com.
ABTC also trades far below its debut range
Another pillar of the Trump family’s crypto footprint is American Bitcoin Corp. (Nasdaq: ABTC), a publicly traded bitcoin mining and treasury company. It entered public markets on September 3, 2025 through a stock-for-stock deal with Gryphon Digital Mining. Shares opened above $9 before reversing. By April 2026, ABTC was trading between $0.90 and $1.00, down roughly 84% to 93% from post-listing highs.
The company was formed in March 2025 as a partnership between Hut 8 and the Trump family. According to the report, it generated about $185 million in revenue in 2025, operated around 89,242 ASIC miners, and had total installed hashrate of approximately 28.1 EH/s. Following a March 2026 expansion, it added 3.05 EH/s more capacity. Its bitcoin holdings rose from roughly 5,401 BTC at the end of 2025 to 7,000 BTC by March 2026.
Overall, the Trump-linked crypto portfolio now spans NFTs, DeFi, stablecoins, meme coins, and public bitcoin mining. The key contrast is clear: while most high-beta assets in the portfolio have fallen sharply from their peaks, USD1 has expanded rapidly within the stablecoin market. How these ventures evolve from here will likely depend on broader market conditions, regulation, and whether they can build lasting utility beyond the initial attention generated by the Trump brand.