The Trump family’s cryptocurrency venture, World Liberty Financial, saw its digital tokens, $WLFI, drop in value on their first day of trading. Early investors can sell up to 20% of their holdings, with the tokens initially trading above $0.30 before falling to $0.246. The total market capitalization is just below $7 billion, making WLFI the 31st largest crypto token. Several major cryptocurrency exchanges are offering the tokens. Since its launch, the Trump family has made around $500 million from the project. The tokens were initially non-tradable, giving holders the right to vote on certain changes to the business. Making the tokens tradable allows for speculation and could attract a wider range of investors. World Liberty and Trump’s other crypto ventures have faced criticism for potential conflicts of interest, though the White House maintains there are none.

Read more at Yahoo Finance: Trump’s World Liberty token falls in first day of trading