- The Trump household’s token launch prompted a value drop in AI, DeFi, and layer 1 altcoins.
- The $WLFI token pre-sale raised funds, with 34,000 holders and 100 billion tokens in circulation.
- Forward of his inauguration, Trump has promoted $TRUMP as a enjoyable token slightly than an funding.
The most recent launch of the Trump household meme coin has disrupted the crypto market and had a major impression on altcoin costs. In line with Wu Blockchain, citing SosoValue knowledge, the launch of $TRUMP and $MELANIA tokens triggered the financial downturn.
After these meme cash have been listed on exchanges, the market skilled sharp declines in a number of classes. AI Agent Coin decreased by 12.08%, DeFi Token by 6.94%, and Layer 1 Coin by 6.99%. Layer 2 tokens additionally took successful, dropping 10.59%, whereas the meme coin class itself fell 7.53%.
https://twitter.com/WuBlockchain/standing/1881180965206401151
$WLFI token positive aspects reputation regardless of altcoin downturn
The market shift coincided with the debut of World Liberty Monetary ($WLFI), the Trump household’s flagship crypto venture. Investor curiosity in $WLFI skyrocketed despite the fact that the token was positioned as a light-hearted gesture slightly than a critical funding.
The $WLFI token has efficiently accomplished its pre-sale and raised all eligible funds. Every token was priced at $0.015, with a complete of 100 billion tokens obtainable. Over 34,000 holders have already been recorded, indicating its rising reputation.
Associated: Trump meme cash surge forward of election, defying market traits
As well as, TRON DAO emerged as the biggest unbiased purchaser with 3 billion tokens. In the meantime, TRON founder Justin Solar bought $1 billion price of WLFI tokens for 15 million USDT. Mr. Solar’s earlier $30 million funding additional strengthened his assist for the World Liberty Monetary venture.
To match the meme coin hype, Donald Trump introduced the $TRUMP token along with his presidential marketing campaign. A promotion that includes a graphic of President Trump elevating his fist with the slogan “FIGHT FIGHT FIGHT” attracted consideration amongst supporters.
https://twitter.com/realDonaldTrump/standing/1880446012168249386
Trump described the token as a enjoyable image of assist slightly than a standard funding, and urged followers to “get pleasure from” the token. His use of social media to advertise meme cash bolstered this narrative and helped cement its id as a meme slightly than a monetary product.
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