#Trump Family Crypto Project Goes on Buying Spree#
Hot Topic Overview
Overview
The Trump family's crypto project, World Liberty Financial (WLFI), has been making waves in the crypto market lately, drawing attention from the industry. The project has spent $168.4 million in the past three days acquiring six tokens, including ETH, WBTC, and TRX. WLFI spent $7.35 million on TRX, and currently holds 30,107,000 TRX, worth $7.37 million. Additionally, WLFI has swapped 5,252 ETH for stETH and staked it on Lido, now holding a total of 10,000 STETH, valued at $33.06 million. Trump himself has publicly acknowledged his meme coin TRUMP, claiming it is very successful, though he is not aware of the specifics. Despite this, the Trump family's moves in the crypto market have sparked heated discussion, with many believing it could be a crucial catalyst for the crypto market's upswing.
Ace Hot Topic Analysis
Analysis
The Trump family's crypto project, World Liberty Financial (WLFI), has been making headlines recently, attracting significant market attention. Over the past three days, the project has spent $168.4 million buying six tokens, including $99.95 million worth of ETH, $47 million worth of WBTC, $7.35 million worth of TRX, and $4.7 million worth of AAVE, ENA, and LINK. Additionally, WLFI exchanged 5252 ETH for stETH and staked it on Lido, currently holding 10,000 STETH worth $33.06 million.However, Trump's own stance on the project has sparked controversy. He publicly stated, "I don't know much about it, I just know I launched it. I hear it's been very successful, but I haven't looked into it." This statement caused the price of TRUMP tokens to plummet by almost 30%, generating mixed reactions in the market. Some argue that Trump's remarks are bullish, as it acknowledges the project's success, while others believe Trump's lack of knowledge about the project could be detrimental to its development.Currently, the market is brimming with anticipation for the future of the Trump family's crypto project, but uncertainty remains. The project's success will ultimately hinge on the team's execution capabilities and the market's acceptance of it.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project World Liberty Financial (WLFI) spent $168.4 million in the past few days buying 6 tokens including ETH, WBTC, TRX, and expanding all its existing positions except ONDO.
Trump admitted that he issued TRUMP coin and said it was very successful, but he didn't check it.
The launch of Trump's meme coin TRUMP could hinder progress on bipartisan cryptocurrency market structure legislation, as Democrats may question whether foreign governments and commercial interests are using token purchases to curry favor with the Trump team.
Trump family's crypto project WLFI bought a large amount of TRX and staked it to Lido, indicating that they are optimistic about the future development of TRX.