🔥Trump's Crypto Storm Escalates! Magic Eden Wallet Sparks Controversy, Political Maneuvering Causes Market Turmoil!🔥
Recently, the crypto wallet project launched by Magic Eden in collaboration with the Trump-themed meme coin team has faced strong resistance from Trump's core camp! Little Trump vehemently denies any association and announces the launch of an officially supported wallet, while the Trump family's WLFI issues a cease-and-desist notice to the project, claiming that the wallet development was unauthorized. Despite frequent legal warnings, promotional posts remain wildly popular, but the related websites have quietly gone offline.
WLFI has raised $550 million through token sales, with the issued USD1 stablecoin becoming the focus of investment. A giant from Abu Dhabi intends to use the USD1 stablecoin to participate in Binance's $2 billion investment, allowing the Trump family to earn transaction fees, creating a complex web of interests.
On the political front, Congresswoman Maxine Waters criticizes Trump's digital asset investments as a threat to investor rights, pushing for new legislation to restrict the involvement of the President and high-ranking officials in crypto projects, while the Democrats strongly oppose Trump's crypto background, leading to intensified legislative divisions.
In terms of the market, the public spat between Trump and Musk has triggered panic, with over $1.2 billion flowing out of Bitcoin ETFs in just a few days, Tesla's stock price plummeting by 14%, and shares related to Trump also suffering severe blows. In contrast, Ethereum ETF funds continue to flow in, showcasing a clear market divergence.
This storm intertwined with politics and crypto is reshaping the entire digital asset ecosystem. Are you ready to face the next wave of change?
