#Trump's wife launches a cryptocurrency with a market cap exceeding $4.6 billion.#
Hot Topic Overview
Overview
The cryptocurrency "TRUMP" launched by Donald Trump's wife quickly gained popularity after its debut, with its market capitalization soaring to $5.6 billion, sparking condemnation from government regulators. The coin opened at $0.1824 and briefly surged past $70, marking a rise of approximately 40,000%. The Trump family's crypto project, World Liberty Financial (WLFI), has purchased 6,040.6 ETH worth $19.56 million in the past 40 minutes, bringing their current holdings to 11,009.48 ETH, valued at approximately $36.72 million. The project also spent $20 million to purchase 6,041 ETH, with an average buying price of $3,311. Reports suggest that the Trump family team's wallet has acquired millions of dollars worth of SOL. Currently, the coin has a total supply of 1 billion, with 200 million in circulation, resulting in a total market capitalization of $74 billion. Trump's estimated profit from this venture is around $60 billion.
Ace Hot Topic Analysis
Analysis
Donald Trump's wife launched a cryptocurrency, with a market cap exceeding $4.6 billion, attracting widespread attention. The project, named World Liberty Financial, was introduced by the Trump family and quickly gained market popularity, with its market cap reaching $5.6 billion at one point. The project achieved immense success within just 36 hours, even surpassing the growth of the Standard & Poor's 500 index in 1947. However, the project has also generated controversy, with some expressing concerns about its risks and fearing it could be a tool for exploiting investors. Furthermore, the project has sparked discussions about the future direction of cryptocurrencies, with some believing it will drive the adoption of cryptocurrencies while others argue that it will have a negative impact on the cryptocurrency market. At present, the future development of the project remains uncertain, but it has become a significant event in the cryptocurrency market.