Trump Inc.’s $5.4 Billion Digital Coin Hit by Turbulence (1)

Trump Inc.’s much-trumpeted crypto foray — the WLFI token — launched Monday with ambitions of serving as the backbone of a new digital ecosystem. Within hours, it was mired in the turbulence and instability that has long been the hallmarks of crypto trading.

The token, promoted by Donald Trump’s family and listed this week on leading exchanges Binance and Coinbase, is still changing hands about 25% below its launch price, and has a market value of around $5.4 billion. The stumble followed a late disclosure that nearly 25 billion WLFI coins would circulate — far more than investors had expected ...