#Trump Family Increases TRX Holdings#
Hot Topic Overview
Overview
The Trump family's crypto project, World Liberty, recently increased its holdings of TRX. According to Arkham, the project spent $2.62 million to purchase 10.809 million TRX via Cow Protocol at 5:47 AM UTC+8 on January 22nd. They now hold a total of 30.107 million TRX, valued at $7.3 million. This move has attracted market attention, with many speculating whether the Trump family is using TRX as part of their crypto investment portfolio. However, Trump himself, in a recent speech, stated that he doesn't know much about his meme coin, TRUMP, saying, "I don't know much about it other than I started it." This statement caused market volatility, with the TRUMP token price plummeting over 30% after his remarks. Despite this, the news of the Trump family increasing their TRX holdings has still caught the attention of the market, with many believing it could be a signal of the Trump family's foray into the crypto space.
Ace Hot Topic Analysis
Analysis
The Trump family's crypto project World Liberty recently increased its holdings of TRX. According to Arkham, the project spent $2.62 million on January 22nd at 5:47 AM UTC+8 through Cow Protocol to buy 10.809 million TRX. It currently holds a total of 30.107 million TRX, worth $7.3 million. This move has drawn market attention, with many speculating that the Trump family may be positioning itself in the crypto market. However, Trump himself said in a recent speech that he doesn't know much about his meme coin "Trump," stating, "I don't know much about it except that I started it. I heard it's very successful, but I haven't looked into it. Where is it now?" This statement caused market volatility, and the Trump meme coin "Trump" plummeted over -30% after his remarks. Although the Trump family's increase in TRX holdings has sparked market speculation, Trump's own attitude towards the crypto market remains unclear, and the future direction of his meme coin "Trump" is full of uncertainty.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family crypto project World Liberty purchased millions of dollars worth of TRX and holds a large amount of TRX.
Trump said "I know very little about it" regarding his meme coin TRUMP, causing market fluctuations and a significant price drop.
Trump's meme coin TRUMP could hinder bipartisan cryptocurrency market structure legislation as Democrats will question the interests behind it.
Trump's meme coin TRUMP could encourage a large number of irresponsible meme coins, negatively impacting the cryptocurrency industry.