Alright, folks! Crypto blogger is online, let's talk about the big news—on the 154th day of the presidency, he wildly dumped $114 million in cash to pay off debts. Where the hell did understanding king Trump's money come from? This situation is more magical than a script!
Let me give you a concept, what does $114 million mean? It's equivalent to the salary of the U.S. president for 400 years! According to our crypto old adage, a carry-on suitcase can hold up to $1 million, so to repay this debt, the understanding king would need 114 carry-on suitcases filled with cash! Just ask if that's extravagant or not? The key is that this money is to pay off the debt for his landmark building in New York—Trump Tower at 40 Wall Street!
What's bizarre about this? His 'money daddy' is not a big bank, but a 'shadow bank'!
You might not believe it, but those top banks on Wall Street (Citigroup, JPMorgan, etc.) have ignored Trump for decades! Why? Because this guy has messed up too many times in history, and banks are scared of him! The last giant, Deutsche Bank, also had a falling out with him. So who would dare to lend him money? A shadow bank named Ladder Capital stepped in!
In 2015, Ladder gave a loan of $160 million to Trump Tower at an interest rate of only 3.67%! Brothers, this interest rate is ridiculously low in the commercial real estate circle! Normally, it should be above 5.5%! Something strange is going on! After digging, oh boy! Ladder's executive Jack Weisselberg is the son of Trump Organization CFO Allen Weisselberg! This connection... tsk tsk tsk, no wonder they could get a loan at such a low price and package the debt into financial products to sell to unsuspecting retail investors!
But is this 'legendary building' really a money-losing asset?
The understanding king keeps bragging that this building is his 'pride and joy', having spent only $1 million to acquire it (actually, he only bought the leasing rights, the land belongs to the Germans, and he has to pay ground rent every year!). When Ladder borrowed money back then, they thought this building could make a profit (occupancy rate of 94.5%, expected annual net income of over $11 million).
And what happened? Reality slapped us in the face! With the pandemic and the rise of remote work, this building is as empty as my wallet! The occupancy rate plummeted from nearly 90% to only 74.2% last year! Rental income also significantly decreased, while operating costs remained high. The net income for 2023 was only $12.8 million, and it was rated as 'junk' by rating agencies! Worse still, after 2033, the ground rent will skyrocket to $16 million, basically eating up all the profits from this building! Last year, the New York State Attorney General also warned that if the understanding king couldn't afford the fines for fraud, this building could be seized at any moment!
Based on the understanding king's past behavior, he should have played the 'bankruptcy law' card! He is a man with a glorious record of 'six bankruptcies'! From casinos in the 90s to hotels later, his companies have gone bankrupt six times, but he himself has never declared bankruptcy! Each time, he relied on Chapter 11 protection to shed debts, while he could continue to collect management fees and make money using the 'Trump' brand, pulling off a great escape.
But this time, he actually played by a different set of rules! He directly pulled out cash and paid back $114 million!
Where does the money come from?! Brothers, here's the key point! From the perspective of the crypto world, this melon is ripe!
The timing of the on-chain metaphysics matched perfectly! Just before the news of the understanding king repaying his debts came out, on June 22, on the TRON chain, 112 million USDT was destroyed! Those in the know understand that USDT being destroyed or transferred to an exchange essentially means it was redeemed for real dollars! ARKHAM on-chain data also showed that on the same day, 100 million USDT was transferred to Binance's deposit address! This timing, this amount... is it too coincidental? Netizens were blown away, suspecting this was the source of the understanding king's repayment!
The understanding king's family is crazily 'withdrawing money' in the crypto world!
Official channels: In the financial report the understanding king submitted last week, he wrote that he made $57 million by selling tokens through his crypto company WLFI! Even scarier is that he still holds 15.75 billion WLFI governance tokens! Although the report only valued them at a few thousand bucks, when estimated at the off-market price, the value could reach up to $1.57 billion! This doesn't even include the Ethereum worth millions he holds!
'First Lady' is also making a fortune in the crypto world: His wife Melania hasn't been idle either! Her personal Meme token $MELANIA, in the past four months, the team sold over 820,000 tokens through 44 wallets, cashing out about $35.76 million! What about the understanding king's own $TRUMP token? It has a larger market cap, better liquidity, and cashing out would be even more explosive! The couple easily cashing out over $100 million by issuing and selling tokens is not a dream!
'Pump and Dump' suspicions surrounding the 'signal president'? The understanding king's recent comments on the Middle East situation have been perfectly in sync with market fluctuations! Hinting at tension, oil prices rise, and U.S. stocks fall; suddenly saying 'agree to ceasefire', Bitcoin immediately skyrockets 5%! This maneuver resembles the familiar 'Pump and Dump' in the crypto world, right? Previously, he even seemed to signal his own stock code DJT on Truth Social, causing the stock price to surge 22% in an instant, raising suspicions of insider trading! JPMorgan even created a 'Trump Twitter Influence Index'... this guy really knows that traffic equals money!
Traditional 'harvesting retail investors' hasn't stopped: Various licensed products, like the 'God Bless America' Bible, shiny 'Trump brand' sneakers, perfumes, watches, guitars... relying on selling branded products, bringing in several million dollars a year. There are also golf courses and Mar-a-Lago Club, generating over $20 million in cash flow a year.
A man who has gone bankrupt six times, entangled in lawsuits, and even just became the first former president in the U.S. to be convicted, pulled out $114 million in cash to pay off debts after 154 days in office! Where did the money come from? Massive USDT destruction on-chain, the family crazily selling tokens for cash, precise 'signals' coordinating with the market... Doesn't this script look particularly familiar to crypto enthusiasts?
Follow me for the next in-depth analysis:
The tracking of the understanding king's on-chain wallet! When does he plan to dump that 1.57 billion WLFI tokens?
$TRUMP and $MELANIA tokens, who is really in control behind the scenes? What will be the next Meme token to be 'promoted by the president'?
Did he become president just to make it easier to 'harvest retail investors'? Is regulation in the crypto world really about to change?
In the crypto melon field, the president grows melons! This plot is even more thrilling than the K-line! Click to follow, don't miss the next episode!
