#The Trump family buys TRX.#
Hot Topic Overview
Overview
The Trump family's crypto project, World Liberty Financial (WLFI), spent $2.62 million to buy 10.809 million TRX via Cow Protocol at 5:47 AM UTC+8 on January 22nd, bringing their total TRX holdings to 30.107 million, currently valued at $7.3 million. Meanwhile, Trump publicly stated that he doesn’t know much about his meme coin TRUMP but has heard that it is successful. This news caused market volatility, with the TRUMP token plummeting over 30% after Trump's speech, but subsequently rebounding. Furthermore, some analysts believe that Trump's meme coin could hinder progress on bipartisan cryptocurrency market structure legislation. Despite this, the crypto industry remains hopeful about Trump's policy changes, believing it will bring more development opportunities for cryptocurrencies.
Ace Hot Topic Analysis
Analysis
Trump family's crypto project World Liberty Financial (WLFI) spent $2.62 million to buy 10,800,900 TRX via Cow Protocol at 5:47 AM UTC+8 on January 22nd, bringing their total TRX holdings to 30,100,700, valued at $7.3 million. This move has attracted market attention, with people speculating whether the Trump family will continue to increase their TRX holdings and what impact this will have on the TRX price. Meanwhile, Trump said in an interview that he doesn't know much about his meme coin "Trump," which also caused market fluctuations, leading to a price drop of over 30% for the "Trump" coin. Nevertheless, some investors remain bullish on the future of the "Trump" coin and believe its price will rebound. Additionally, the establishment of Trump family's crypto project World Liberty Financial and Trump's public statements on cryptocurrencies indicate that the Trump family is actively involved in the cryptocurrency market and may have a significant impact on the crypto industry.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project World Liberty Financial (WLFI) increases its holdings of TRX, showing its bullishness on TRX.
Trump family's crypto project World Liberty Financial (WLFI) increases its holdings of TRX, which could attract market attention to TRX and drive TRX prices up.
Trump knows little about his meme coin TRUMP but admits it's very successful, which could attract market attention to TRUMP and drive TRUMP prices up.
Trump's changing policies on cryptocurrencies will have a significant impact on the crypto industry.