#Trump Family Crypto Project Buys Big Into TRX#
Hot Topic Overview
Overview
The Trump family's cryptocurrency project, World Liberty Financial (WLFI), has been making waves in the crypto market recently, attracting significant attention. On January 22nd, early morning, they spent $2.62 million via Cow Protocol to purchase 10,809,000 TRX, bringing their total TRX holdings to 30,107,000, valued at $7.3 million. In addition, WLFI swapped 5,252 ETH for stETH and staked it on Lido, bringing their total STETH holdings to 10,000, valued at $33.06 million. According to Spot On Chain, WLFI has spent $168.4 million on buying 6 tokens in the past 3 days, including ETH, WBTC, TRX, AAVE, ENA, and LINK. Notably, WLFI expanded all its existing positions, except for ONDO. However, Donald Trump himself, when asked about his meme coin TRUMP, said that he knows little about it except that he started it, although he has heard it is quite successful. This statement sparked market volatility, causing the TRUMP price to plummet nearly 30%. Despite this, the Trump family's crypto project continues to garner widespread attention, with the market eagerly anticipating their future moves.
Ace Hot Topic Analysis
Analysis
The Trump family's cryptocurrency project, World Liberty Financial (WLFI), has been making frequent moves lately, attracting market attention. According to Arkham data, WLFI spent $2.62 million on 10,800,900 TRX through Cow Protocol at 5:47 UTC+8 on January 22, and now holds a total of 30,107,000 TRX, worth $7.3 million. In addition, WLFI exchanged 5,252 ETH (worth $17.43 million) for stETH and staked it on Lido, currently holding a total of 10,000 STETH, worth $33.06 million.It is worth noting that WLFI has spent $168.4 million on 6 tokens in the past 3 days, including ETH, WBTC, TRX, AAVE, ENA, and LINK.Trump himself has commented on the TRUMP token, stating that "I don't know much about it, except that I launched it. I've heard it's very successful, but I haven't checked it out." Despite Trump's limited knowledge of the TRUMP token, its launch has sparked market discussions and fueled the rapid growth of the TRUMP token.However, some analysts believe that Trump's memecoin may hinder the progress of bipartisan cryptocurrency market structure legislation, as Democrats may demand clarification on whether foreign governments and commercial interests are using token purchases to curry favor with the Trump team.Overall, the series of actions by the Trump family's cryptocurrency project WLFI, as well as Trump's own statements about the TRUMP token, indicate the Trump family's attention to the cryptocurrency market, and could have an impact on the cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project World Liberty Financial (WLFI) is actively investing in cryptocurrencies and has spent $168.4 million to buy 6 tokens including ETH, WBTC, TRX.
Trump admitted that he issued TRUMP coin and said it was very successful, but he didn't know the details.
Trump's remarks caused market volatility, and the price of TRUMP coin fell by nearly 30% after Trump said, "I don't know much about it."
The investment behavior of Trump family's crypto project WLFI has attracted market attention and is considered a reflection of Trump's positive attitude towards cryptocurrencies.