#Trump Family Coin Plunges 50%#
Hot Topic Overview
Overview
WLFI, the cryptocurrency project backed by the Trump family, has plummeted 50%. The project spent $112.8 million in the past 11 hours buying 6 tokens, including ETH, WBTC, AAVE, LINK, TRX, and ENA. Of those, ETH and WBTC were purchased for $47 million each, while AAVE, LINK, TRX, and ENA were purchased for $4.7 million each. WLFI has now spent a total of $220 million on 7 tokens, all of which are currently underwater, with a total loss of $9.4 million. Although Trump did not mention cryptocurrencies in his inauguration speech, his family project has been buying them up aggressively, promising to end the crackdown on the crypto industry within an hour of taking office. However, this promise has yet to be fulfilled.
Ace Hot Topic Analysis
Analysis
The Trump family-backed cryptocurrency project, World Liberty Financial (WLFI) coin, plummeted after Trump's inauguration, dropping 50% from its all-time high. The WLFI project spent $220 million on seven tokens, including ETH, WBTC, AAVE, LINK, TRX, and ENA after Trump took office. However, these tokens are currently underwater, with a total unrealized loss of $9.4 million. The main reason for the WLFI project's crash is that Trump did not mention cryptocurrency in his inaugural speech, leading to a disappointment in market expectations and investors selling off. Additionally, the WLFI project's token unlock mechanism also raised market concerns as a significant amount of tokens will be released into the market in the coming months, potentially further suppressing prices. Despite the crash, some investors remain optimistic about the Trump family's long-term support for cryptocurrencies and believe that the WLFI project still has upside potential.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
After Trump took office, his family's encrypted project WLFI plummeted by 50%, mainly because he did not mention any cryptocurrency-related policies at his inauguration, leading to market expectations falling through and triggering a sell-off.
Trump's family's encrypted project WLFI has spent $112.8 million in the past 11 hours buying 6 tokens, including ETH, WBTC, AAVE, LINK, TRX, and ENA, with a total floating loss of $9.4 million.
The largest token held by Trump's family's encrypted project WLFI is ETH, with a current holding of 56,774, worth $185.63 million, accounting for nearly 57% of the total on-chain holdings of WLFI, which is $326,150,368.04.
The token unlock of Trump's family's encrypted project WLFI will begin in three months (April 18), when 20% of the tokens will be unlocked and released. After that, it will be unlocked linearly, with a portion unlocked every day, and about 500,000 will flow into the market every day.