#Trump Family Token Plunges#
Hot Topic Overview
Overview
The Trump family's crypto project, World Liberty Financial (WLFI), announced a strategic purchase of large amounts of cryptocurrency, including 47 million ETH, 47 million WBTC, etc., totaling $220 million, during Trump's inauguration. However, the project is currently experiencing losses with a total floating loss of $9.4 million. Although Trump did not mention cryptocurrency in his inaugural address, his family's crypto project has been actively laying out plans, attracting market attention. In addition, the meme coins TRUMP and MELANIA, issued by the Trump family, have also seen significant drops, with TRUMP falling 60% from its all-time high, resulting in an $8 billion market cap evaporation. Although the Trump family's crypto projects are currently performing poorly, their actions in the crypto space have still attracted market attention, and their future development deserves further observation.
Ace Hot Topic Analysis
Analysis
The Trump family's cryptocurrency project WLFI, during Trump's inauguration, announced a strategic purchase of 47 million ETH, 47 million WBTC, 4.7 million Aave, 4.7 million LINK, 4.7 million TRX, and 4.7 million ENA, with a total investment of $220 million. However, these tokens are currently underwater, with WLFI experiencing a total loss of $9.4 million. While Trump did not mention cryptocurrencies in his inaugural address, his family project's investment in cryptocurrencies, as well as the dismissal of SEC Chairman Gensler, is seen as a positive signal for the crypto market. However, the meme coins TRUMP and MELANIA, issued by the Trump family, have suffered a sharp decline, with their market capitalization shrinking significantly. Currently, the market is taking a wait-and-see approach to the future development of WLFI, the Trump family's crypto project. It remains to be seen whether their investment behavior will have a long-term impact on the cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project WLFI bought a variety of tokens, including ETH, WBTC, AAVE, LINK, TRX, ENA, for a total of over $220 million, but is currently in a loss state.
Trump's inaugural speech did not mention cryptocurrency, nor did he sign any executive orders related to cryptocurrency, causing a market pullback, but his family's project WLFI's crazy buying behavior is seen as a long-term positive.
The Meme coins TRUMP and MELANIA issued by the Trump family performed poorly in the market, sparking controversy, being accused of harvesting liquidity from the crypto circle.
After taking office, Trump fired SEC chairman Gensler, seen as a positive signal for the crypto industry, but his subsequent policies still need to be observed.