The Trump family's layout in the cryptocurrency field is expanding at an astonishing speed, and each step is marked by a strong 'Trump-style' flair—high-profile, controversial, and tied to interests.
First, let's talk about the most ruthless move: the TMTG group spent 105 million dollars to acquire 684.4 million Cronos tokens (CRO), directly accounting for 2% of the circulation, and has stated its intention to increase its stake to 19%.
These tokens are not for show; they are meant to be stuffed into Trump's social platform Truth Social as 'reward coins' to give users money in exchange for traffic. But even more explosive is the WLFI project. Trump's own company directly received 22.5 billion tokens, with a paper value that once soared to 4 billion dollars, more valuable than all his properties combined.
The project's market value peaked at $8.6 billion, but it didn't bask in glory for long before it fell into the controversy of 'centralized control'—directly freezing Sun Yuchen's wallet, citing 'phishing attack prevention'.
This operation directly poked the hornet's nest of blockchain: the core spirit of decentralization is 'code is law', and no one should be able to arbitrarily freeze accounts. The project team claims it is to protect users, but the community exploded—today it can freeze Sun Yuchen, and tomorrow it can freeze others. How is this a decentralized project? It is clearly a centralized business dressed in blockchain clothing.
Little Trump isn't idle either. He is spending $50 million to acquire DogeHash Technologies through Thumzup Media and is directly deploying thousands of mining machines to mine Dogecoin, claiming to become the 'Dogecoin mining overlord' in North America. Eric Trump bluntly stated: 'Engaging in digital assets is to fight against traditional finance and achieve 'de-banking'.' This statement is straightforward—in their eyes, cryptocurrency is not only a tool for making money but also a hammer to smash the old financial system.
In plain terms, the core of this encrypted chess game by the Trump family is three words: interests, control, anti-traditional. From token acquisition to project governance, every step tightly focuses on 'maximizing family interests' and 'challenging existing rules'. But the problem lies here: when project governance relies entirely on centralized decision-making, and the value of tokens is highly bound to family reputation, how far can this 'Trump-style encrypted landscape' really go?
After all, the trust foundation of blockchain is decentralization, while the Trump family excels at 'centralized control'. Whether this operation subverts tradition or is just an old game dressed in blockchain clothing remains to be seen. Time will provide answers, but controversy has already been etched into every step.
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