#Trump Family Buys More TRX#
Hot Topic Overview
Overview
The Trump family's crypto project World Liberty Financial (WLFI) has recently been steadily accumulating TRX and has also been converting some of its ETH to stETH, staking it on Lido. On January 22nd, WLFI used Cow Protocol to spend $2.62 million to purchase 10,800,900 TRX, bringing its total holdings to 30,107,000 TRX, currently valued at $7.3 million. Additionally, WLFI exchanged 5,252 ETH for stETH and staked it on Lido, valued at $17.43 million. These actions suggest the Trump family's positive outlook on TRX and ETH, and have sparked speculation about WLFI's future moves. However, in a press conference, Trump himself expressed limited knowledge about the TRUMP token, stating he only knew it was launched by him and had heard it was successful. This statement caused market fluctuations, leading to a nearly 30% drop in TRUMP's price. Despite this, the Trump family's crypto project WLFI's continued actions remain noteworthy, and its future development will have an impact on the crypto market.
Ace Hot Topic Analysis
Analysis
The Trump family's cryptocurrency project, World Liberty Financial (WLFI), has been making frequent moves lately, attracting market attention. According to Arkham data, in the early hours of January 22nd, WLFI purchased 10,800,900 TRX through Cow Protocol, worth $2.62 million. It now holds a total of 30,107,000 TRX, valued at $7.37 million. In addition, WLFI swapped 5,252 ETH (worth $17.43 million) for stETH and staked it on Lido. These actions indicate that the Trump family is actively deploying in the crypto market and is bullish on mainstream crypto assets like TRX and ETH.However, Trump's own attitude towards his meme coin, TRUMP, has sparked controversy. He publicly stated "I don't know much about it" and said "I've heard it's been very successful, but I haven't looked into it." This statement caused the price of TRUMP to plummet nearly 30%. This event has also raised questions about the true intentions of the Trump family's crypto project, with some believing it's for hype and profit, while others believe it's to promote the adoption and development of cryptocurrencies.Overall, the Trump family's crypto project WLFI is worth watching, and its investment in TRX and ETH reflects the market's bullish sentiment towards these crypto assets. However, Trump's own stance on the TRUMP meme coin has sparked controversy and brought uncertainty to the market. In the future, WLFI's movements and Trump's attitude towards cryptocurrencies will continue to be closely watched by the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project World Liberty Financial (WLFI) is actively buying TRX and staking it to Lido, indicating their bullish stance on TRX.
Trump has been ambivalent about his meme coin TRUMP, acknowledging that he launched it but also stating that he does not know much about it, which has caused market volatility for TRUMP coin.
The Trump family's crypto project could pose risks to bipartisan crypto legislation, as Democrats may question its funding sources and purposes.
The Trump family's crypto project could drive wider adoption of cryptocurrency and prompt the US government to enact new crypto regulations.