The currency, known as WLFI, is owned by World Liberty Financial, a company founded by the president's sons, Donald Trump, Jr., and Eric Trump. A Trump business entity owns 60% of the company and is entitled to 75% of the revenue from coin sales.

Crypto is now the dominant source of Trump's wealth. As an investigation by the anti-corruption group Accountable.US found last month, "President Trump's net worth could roughly be $15.9 billion, with about $11.6 billion in uncounted crypto assets," meaning that the digital currencies now make up 73% of his total net worth.

In addition to the tokens owned by World Liberty Financial, it found that two Trump-affiliated companies owned 80% of the $TRUMP meme coin as of May and had collected over $324 million in fees since Trump took office in January.

Meanwhile, Trump Media, which owns his online platform Truth Social, bought $2 billion worth of Bitcoin in July and reserved another $300 million in Bitcoin options.