#The Trump family buys TRX.#
Hot Topic Overview
Overview
The Trump family's cryptocurrency project, World Liberty Financial (WLFI), recently purchased $2.62 million worth of TRX and staked it on Lido, bringing their total TRX holdings to 30,107,000, worth $7.37 million. Additionally, Trump acknowledged in a press conference that he had issued the TRUMP token but stated he knew little about it, causing the price of TRUMP to plummet by almost 30%. Nevertheless, WLFI continues to actively invest in the crypto market and remains optimistic about cryptocurrency. Meanwhile, the U.S. government has also started focusing on cryptocurrency and has established a crypto task force headed by Hester Peirce to develop a new regulatory framework. These events indicate growing interest in cryptocurrency from both the Trump family and the U.S. government, making the future development of the crypto market worth watching.
Ace Hot Topic Analysis
Analysis
Trump family crypto project World Liberty purchased $2.62 million worth of TRX, bringing their total TRX holdings to 30,107,000 TRX, worth $7.37 million. The project also swapped 5,252 ETH for stETH and staked it on Lido, worth $17.43 million. Meanwhile, Trump said in a press conference that he doesn't know much about the TRUMP token, other than it was launched by him and that he had heard it was very successful. This news caused the TRUMP price to drop by nearly 30%. Despite this, the Trump family crypto project World Liberty's investment activities and Trump's own acknowledgement of the TRUMP token suggest a positive attitude towards the crypto market. At the same time, World Liberty's investment actions have sparked concern about the future development of the crypto market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family crypto project World Liberty Financial (WLFI) bought a large amount of TRX and staked it on Lido, showing its optimism for TRX.
Trump said he doesn't know about his meme coin TRUMP, but acknowledged its success, which sparked market attention to the TRUMP coin.
Trump's meme coin TRUMP poses a risk to bipartisan crypto legislation as Democrats are concerned that foreign governments and commercial interests may use token purchases to curry favor with the Trump team.
The launch of Trump's meme coin TRUMP may lead to tighter regulation of the crypto industry and may encourage the emergence of a large number of irresponsible meme coins.