The Trump Family Launches $1 Billion Cryptocurrency Project
The Trump family expands cryptocurrency business with new projects
According to the latest news, Donald Trump and his family are expanding their cryptocurrency business, including NFTs and DeFi, despite market volatility. Analysts believe this timing is strategic ahead of regulatory changes that could impact the market.
The Trump family launches a $1 billion cryptocurrency project. The Trump family is expanding its cryptocurrency business with NFT and DeFi projects (WLFI), Bitcoin mining, stablecoins, and meme coins "TRUMP," "MELANIA" through entities like DT Marks DeFi LLC. They focus on controlling the industry, leveraging market presence.
However, financial results are uneven, with the value of MELANIA dropping 90%, raising doubts about the transparency of token sales. Observers are concerned about conflicts of interest as the Trump family becomes deeply involved in cryptocurrency and influences industry regulation.
The community criticizes the lack of transparency and unclear outcomes of these projects. The volatility of the TRUMP coin and regulatory challenges. The TRUMP coin is trading at $8.55, with a market cap of $1.71 billion, accounting for 0.06% market share. It has increased by 31.87% in 90 days but decreased by 26.57% in 30 days, making this coin highly volatile. Trading volume increased by 33.85% to $407 million.
