On its first day of trading, $WLFI plummeted 25% to $0.21, with a circulating market capitalization of $6.4 billion. The Trump family really knows how to play it:
They first used a quarter of their tokens to raise funds, then voted to unlock them for trading, leaving them holding 15.75 billion $WLFI.
Following the launch of $WLFI, the California governor first prepared to issue a token to taunt Trump, and then members of both the Senate and the House criticized him.
I also think the president shouldn't issue a coin. The most direct question is, does buying the coin count as bribing the president?
While this isn't the first time he or his family has issued a coin, nor is it the first time they've sparked controversy, I feel like they're just too numerous to bite.
$WLFI itself isn't an ordinary coin. The token has voting rights, but everyone knows who the real voters are.
For the average person, buying this is essentially a bet on the Trump family continuing to intensify its efforts, rather than simply promoting crypto innovation.
If he were still in power, perhaps he would introduce policies favorable to the crypto market and find ways to pass them.
If someone from the Blue Camp came to power. On a darker note, this is a political persecution targeting $WLFI, and the entire market is about to be shaken.
As for whether $WLFI will be exploited like $TRUMP? It's a similar tactic, but with added governance and stablecoin features.
Buying it is a bet on the Trump family's ability to outmaneuver them, not a bet on a new coin.
After the hype subsides, will the outcome be the same?
#特朗普家族币