#Trump Family Coin Plummets#
Hot Topic Overview
Overview
The Trump family coin has plummeted, and its crypto project World Liberty Financial (WLFI) has spent a total of $112.8 million in the past 11 hours buying 6 tokens, including ETH, WBTC, AAVE, LINK, TRX, and ENA. However, all are currently underwater, with a total unrealized loss of $9.4 million. WLFI has spent a total of $220 million on 7 tokens, with ETH being its largest holding, currently holding 56,774 coins, worth $185.63 million, accounting for nearly 57% of WLFI's total on-chain holdings of $326,150,368.04. The Trump family coin crash has raised concerns about the Trump family's crypto project and reflects the current instability of the crypto market.
Ace Hot Topic Analysis
Analysis
The Trump family's crypto project, World Liberty Financial (WLFI), spent $112.8 million on six tokens, ETH, WBTC, AAVE, LINK, TRX, and ENA, during Trump's inauguration. Currently, the project is experiencing a total loss of $9.4 million. WLFI has spent a total of $220 million on seven tokens, with ETH being its largest holding, accounting for nearly 57% of its portfolio. Despite the hype surrounding the project during Trump's inauguration, its investment strategy has not been successful, resulting in losses. Additionally, Trump did not mention cryptocurrencies in his inaugural address, leading to market expectations being unmet. This caused volatility in the crypto market, with BTC falling below $101,000, meme coins crashing, and $826 million in derivatives being liquidated.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Trump family's crypto project WLFI attempted to leverage Trump's political influence to drive up the price of cryptocurrencies by buying large amounts of them, but ultimately resulted in losses.
The Trump family's crypto project WLFI's purchase behavior was seen as an attempt to manipulate the market by leveraging Trump's political influence and was accused of "harvesting liquidity."
The Trump family's crypto project WLFI's purchase behavior attracted a large number of novice investors, but ultimately resulted in these investors being trapped at high prices.
The Trump family's crypto project WLFI's purchase behavior has raised questions about the legitimacy of the cryptocurrency market and is seen as damaging to the reputation of the cryptocurrency market.