#Trump Family Increases Holdings in TRX#
Hot Topic Overview
Overview
The Trump family-backed crypto project, World Liberty Financial (WLFI), recently continued to accumulate TRX, making it its fourth-largest asset holding. In the past few days, WLFI spent $168.4 million to buy six tokens, including ETH, WBTC, TRX, AAVE, ENA, and LINK, and exchanged 5252 ETH for stETH, which was staked on Lido. WLFI's total investment has reached $222.9 million, but currently has a floating loss of $2.67 million. Tron founder Justin Sun welcomed WLFI's continued increase in TRX holdings, saying "The president is buying, you're selling."
Ace Hot Topic Analysis
Analysis
Recently, World Liberty Financial (WLFI), a cryptocurrency project backed by the Trump family, has increased its holdings of Tron's TRX, drawing market attention. WLFI has spent a total of $222.9 million in the past period to buy 7 tokens, including ETH, WBTC, TRX, AAVE, ENA, LINK, and USDT, currently experiencing a floating loss of $2.67 million. WLFI's increase in TRX holdings is considered a sign of its trust in the Tron blockchain network and its bullish outlook on cryptocurrency. Tron founder Justin Sun also welcomed this, saying, "The President is buying, you are selling." In addition, Consensys founder Joseph Lubin said that the Trump family will establish one or more large enterprises on Ethereum and will conduct business on other chains such as Bitcoin and Solana. He believes that the Trump administration will do what is beneficial for the United States, which will involve ETH. The government will consider how the United States can support Ethereum for the benefit of the United States and may eventually use Ethereum technology in government activities.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Trump family has purchased a significant amount of cryptocurrency through its crypto project WLFI, including ETH, WBTC, TRX, etc., and staked it on platforms like Lido, demonstrating its positive attitude towards the cryptocurrency market.
WLFI's investment behavior may reflect the Trump family's bullish stance on cryptocurrencies and could drive the growth of the cryptocurrency market.
WLFI's investment strategy may be driven by the pro-cryptocurrency stance of the Trump administration and could contribute to the US becoming a hub for cryptocurrency innovation and adoption.
WLFI's investment behavior has sparked market speculation about the Trump family's motivations for investing in cryptocurrencies, which could impact the prices of related cryptocurrencies.