Trump's Political Power Redraws the Landscape of the Cryptocurrency Market
As the red carpet is rolled out for the 79th birthday at the Washington Monument, Trump's political life is making a profound mark on the cryptocurrency market at its unpredictable pace.
Once a critic who referred to Bitcoin as 'air', he is now hailed as the 'Crypto President'. Behind this astonishing transformation, a torrent of capital is rushing in—billions worth of cryptocurrency invigorating his campaign, including the 'Trump Coin' $TRUMP, which, relying solely on celebrity effect, once neared a market value of $10 billion in a single day. The core wallet controlled by his family easily raked in $350 million just from transaction fees.
However, beneath this capital feast lies a graveyard. The wealth myth of $TRUMP collapsed in an instant, with 80% of its value evaporating like a precision explosion. About 760,000 ordinary holders plunged into the abyss, while a tiny few at the top of the pyramid profited over $5.2 billion in the bloodbath. More worryingly, the lack of SEC regulation under Trump's intervention has caused the market to resemble an out-of-control vessel—9% crashes occur repeatedly, leaving tens of millions of investors in panic.
At this moment, his Trump Media Group is quietly positioning itself in the Bitcoin treasury, coinciding with Bitcoin hovering around the $100,000 mark. Is this a signal of a new round of disruption, or a carefully orchestrated wealth harvesting machine?
As regulation becomes a pawn in the power game, the cryptocurrency market trembles in anticipation and caution:
Is this a path of technological innovation, or the curtain of a capital carnival? The next move of the power brokers has already become the most sensitive nerve of the market.
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