00:00The Trump family's cryptocurrency venture, World Liberty Financial, saw its digital token drop 12% on its first day of trading.
00:07Despite the decline, the token reached a market cap of nearly $7 billion, ranking it as the 31st largest crypto by circulation.
00:16The Trump family is set to receive 75% of the project's net revenue,
00:21and reportedly saw their paper wealth increase by up to $5 billion following the launch.
00:26Major exchanges like Binance and OKEx are listing the token,
00:31and Reuters estimates the family has already made around $500 million since the launch of the project.
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