#Trump Family Coin plunges 50%#
Hot Topic Overview
Overview
World Liberty Financial (WLFI), a crypto project backed by the Trump family, spent over $110 million on six tokens, including ETH, WBTC, AAVE, LINK, TRX, and ENA, on the day Trump took office. However, all of these tokens are currently in the red, with a total unrealized loss of $9.4 million. WLFI has spent a cumulative $220 million on seven tokens, with ETH being its largest holding, accounting for nearly 57% of its portfolio. Although Trump did not mention cryptocurrencies in his inaugural address, his family's crypto project has been actively buying crypto assets, leading to speculation about whether the Trump family will leverage its political influence to advance the development of the crypto industry.
Ace Hot Topic Analysis
Analysis
Trump family-backed crypto project World Liberty Financial (WLFI) spent over $110 million on six tokens, including ETH, WBTC, AAVE, LINK, TRX, and ENA, on the day of Trump's inauguration. The project purchased $47 million each for ETH and WBTC, and $4.7 million for each of the other tokens. WLFI has spent a total of $220 million on seven tokens, but all are currently underwater, resulting in a total loss of $9.4 million. While Trump did not mention cryptocurrency in his inauguration speech, his family's massive crypto purchase through WLFI has attracted market attention and raised expectations among some about whether Trump will introduce crypto-friendly policies in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump took office and did not mention cryptocurrency in his inaugural address, but WLFI, the crypto project supported by his family, spent $112 million on the day of his inauguration to buy a variety of tokens, including ETH, WBTC, AAVE, LINK, TRX, ENA, etc., which has attracted market attention.
The investment strategy of WLFI, the cryptocurrency project of the Trump family, has sparked controversy. After buying a variety of tokens, it is currently in a loss-making state, with a total floating loss of $9.4 million.
The investment strategy of WLFI, the cryptocurrency project of the Trump family, has raised market concerns. It may be using cryptocurrency funds for arbitrage, leading to a decline in cryptocurrency liquidity.
After Trump took office, market expectations for cryptocurrency were dashed, leading to a pullback in the cryptocurrency market. However, the investment behavior of WLFI, the cryptocurrency project of his family, and his appointment of pro-cryptocurrency figures as acting chairman of the CFTC, are still seen as positive signals by the market.