#Trump's Inauguration, No Mention of Cryptocurrency#
Hot Topic Overview
Overview
The cryptocurrency market experienced significant fluctuations on the day of Trump's inauguration. WLFI, the Trump family's cryptocurrency project, made significant purchases of cryptocurrencies including ETH, LINK, AAVE, ENA, and TRX in the days leading up to the inauguration, totaling over $100 million. Market speculation suggests the Trump family may hold a positive view of these projects and could potentially release positive news in the future. Additionally, Bitcoin reached a new all-time high on the day of the inauguration, with the market generally believing that Trump's stance on cryptocurrency will have a significant impact on the market. Some experts predict that if Trump does not purchase Bitcoin within his first 100 days in office, it could lead to a Bitcoin price correction.
Ace Hot Topic Analysis
Analysis
On the day of Trump's inauguration, he did not mention cryptocurrency. However, his family's crypto project WLFI made a significant purchase of cryptocurrencies, including ETH, LINK, AAVE, ENA, TRX, and WBTC, totaling over $100 million, before and after the inauguration. This move sparked market speculation that the Trump family may be bullish on these projects, especially ETH, with its purchases even exceeding those of BTC. Moreover, the Trump family's crypto project has also raised market concerns about cryptocurrency regulatory policies. Some experts believe that if the Trump administration had not purchased Bitcoin within its first 100 days in office, we might have seen a Bitcoin correction. Overall, the impact of Trump's inauguration on the cryptocurrency market remains unclear, but his family's crypto project undoubtedly adds new points of interest and speculation to the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project WLFI is buying a lot of cryptocurrencies, especially ETH, indicating their bullish stance on the crypto industry, especially the DeFi space.
Trump's inauguration was a key moment for the crypto industry, as the market was sensitive to Trump's policies and statements.
The Trump family may be using their crypto project to avoid legal risks and could potentially release positive news, driving up the price of related coins.
The Trump family's crypto project WLFI may introduce Memecoin into a DeFi protocol with endorsement assets, which would be a major innovation for the crypto industry.