#Trump Family Token Plunges#
Hot Topic Overview
Overview
The Trump family tokens have plummeted, with their crypto project World Liberty Financial (WLFI) having spent $220 million on 7 tokens, now reporting a total floating loss of $9.4 million. Despite Trump's inauguration speech not mentioning cryptocurrency, his family's crypto project WLFI continues to make large-scale purchases, including ETH, WBTC, AAVE, LINK, TRX, and ENA. Furthermore, Trump's appointment of crypto advocate Caroline Pham as CFTC Acting Chair and Mark Uyeda as SEC Acting Chair was perceived as a signal of pro-crypto policy. However, the Trump family tokens TRUMP and MELANIA have continued to decline, raising concerns about the Trump family's crypto project.
Ace Hot Topic Analysis
Analysis
The cryptocurrency project World Liberty Financial (WLFI), backed by the Trump family, spent $220 million on seven tokens, including ETH, WBTC, AAVE, LINK, TRX, and ENA, after Trump's inauguration. The project is currently experiencing a total loss of $9.4 million. While Trump did not mention cryptocurrencies in his inaugural address, his family's crypto project continues to operate, raising questions about whether Trump will use his presidency to enrich his family. Additionally, Trump's appointment of crypto advocate Caroline Pham as acting chair of the CFTC and Mark Uyeda as acting chair of the SEC is seen as positive news for the crypto industry, but the market remains skeptical about the true intentions of the Trump family's crypto project.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Trump family's crypto project WLFI has spent a lot of money buying various tokens, but is currently in a loss-making state, sparking market doubts about the project.
After Trump took office, the leadership of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) changed, and the new leaders were more friendly towards cryptocurrencies, which may push forward favorable policies for the crypto market.
The meme coins TRUMP and MELANIA issued by the Trump family attracted a large number of novice investors, but their prices plummeted, raising market concerns and doubts about meme coins.
Trump did not mention cryptocurrencies in his inauguration speech, which sparked market speculation about whether he would support cryptocurrencies, but the actions of his family's crypto project WLFI indicate that they are still interested in the crypto market.