#TrumpFamilyCrypto
Hey Square fam! 🏛️ Let’s unpack the Trump family’s deepening plunge into crypto—full of Bitcoin miners, meme coins, and stablecoins. Here’s what just dropped—and what it means for us:
1. American Bitcoin (ABTC): Mining Ambitions Live on Nasdaq
American Bitcoin, backed by Eric Trump and Donald Trump Jr., launched on Nasdaq after merging with Gryphon Digital Mining. Shares rocketed over 100% intraday, closing up ~16%, giving it a market cap around $7–9 billion. Notably, the Trump brothers’ stake briefly topped $1.5B in value.
The company targets aggressive accumulation of Bitcoin and mining hardware, backed by Hut 8.
2. World Liberty Financial (WLFI): Token Surge & Billions of Paper Gains
The WLFI token (linked to World Liberty Financial) recently hit markets, triggering a $5B+ surge in paper wealth for the Trump family—based on their 22.5B token holdings. Though volatile, this move put their holdings on full display.
Critics raise eyebrows: WLFI’s token launch and related dealings triggered concerns over transparency, self-dealing, and ethics.
3. Meme Coin Mania: $TRUMP and $MELANIA
Remember the hype? $TRUMP memecoin launched with a staggering valuation—over $27B diluted and netting hundreds of millions for Trump-owned firms. Not to mention $MELANIA. But it also drew ethical scrutiny for blending presidential personas with speculative tokens.
4. Stablecoin & DeFi Ambitions
There’s also USD1—a dollar-pegged stablecoin under World Liberty—with a circulation growing to over $2B, racing toward the top of stablecoin rankings.
Altogether, these expansions are amplifying the Trump family’s crypto footprint—from meme coins to mining, stablecoins, and governance tokens.
Discussion Time:
Is this a bold long-term crypto strategy centered on Bitcoin infrastructure—or mostly headline-grabbing stunts?
Drop your thoughts—let’s dissect the implications of #TrumpFamilyCrypto for markets and social finance. 🗣️💬