TRUMP Memecoin Unlock Set To Release 40 Million Coins This Thursday
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The crypto market is gearing up for an important event this Thursday: the unlocking of a large portion of the TRUMP memecoin launched by President Donald Trump just before his second inauguration earlier this year. The upcoming release will allow early investors and insiders to sell their holdings for the first time. Trump Memecoin’s Price Journey Initially launched on January 17, the memecoin debuted with 200 million tokens. This week, an additional 40 million coins tied to groups affiliated with the President will be released, bringing the total number of outstanding tokens to 1 billion within three years. The initial launch saw the token’s market value skyrocket to approximately $14 billion just two days after its release, only to face a dramatic decline, losing nearly 90% of its value, according to CoinGecko data. The trading volume for the token has been substantial, raising questions about potential conflicts of interest and the future trajectory of its price as more tokens enter circulation. Related Reading Dylan Bane, an enterprise research analyst at Messari, noted, “Once tokens are unlocked, sometimes there are dumps. Teams are less likely to do that, but we just don’t know their intent. Obviously, they don’t want negative press.” According to the coin’s website, CIC Digital, an affiliate of The Trump Organization, alongside Fight Fight Fight, controls 80% of the tokens subject to the unlocking schedule. However, a representative from CIC Digital did not respond to inquiries from Bloomberg regarding their intentions for the upcoming unlock. Boosting Family’s Crypto Portfolio To Nearly $1 Billion While an immediate price drop is possible, recent trends indicate that the Trump memecoin’s value has actually increased by nearly 3% over the past week, in line with broader trends in the cryptocurrency market. Edward Chin, co-founder of Parataxis, remarked, “If they are working with proper market makers, the unlocks may be less important in the short-term. Over the longer term, the additional supply will weigh on price action, either pushing it lower or preventing it from rising significantly as new demand enters.” Related Reading In recent months, Trump and his family have made strides across various sectors of the cryptocurrency industry, including non-fungible tokens (NFTs), a decentralized finance project, a proposed stablecoin, and a new Bitcoin mining company called American Bitcoin. The first lady, Melania Trump, has also launched her own memecoin, MELANIA, contributing to the family’s growing portfolio, which is now approaching $1 billion in paper gains. The 4-hour chart shows TRUMP’s price downtrend. Source: TRUMPUSDT on TradingView.com Currently trading at $7.83, the memecoin is down 30% on a monthly basis and over 15% in the past two weeks, despite its recent slight rebound in line with the broader market trend. Featured image from DALL-E, chart from TradingView.com
World Liberty Financial Unveils USD1: A New Stablecoin In Trump’s Growing Crypto Portfolio
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to recent reports, President Donald Trump’s crypto venture, the decentralized finance (DeFi) platform World Liberty Financial (WLFI), has unveiled a new stablecoin called USD1. This token, pegged to the US dollar, is now live on the Ethereum (ETH) and Binance blockchains, although the launch was not officially announced by the company on Monday March 24. World Liberty Financial Launches New Stablecoin The news comes via a report from Fortune, which highlights the expanding crypto portfolio of the President, now serving his second term in the White House’s Oval Office. On social media, Changpeng Zhao, the former CEO of Binance, shared a link to the USD1 token with his 10 million followers on X, prompting World Liberty Financial to implicitly confirm its legitimacy. However, the company cautioned that USD1 is not currently tradable and warned users to be vigilant against potential scams. Related Reading Stablecoins such as USD1 are becoming increasingly prominent in the crypto market, with notable traction in the US Congress, where lawmakers have introduced several bills to further support the sector. Major players such as Tether, the issuer of the world’s largest stablecoin, USDT, reported $13 billion in profit for 2024, while Circle, the company behind USDC, is planning to go public. These companies back their stablecoins with US treasuries, allowing them to earn significant yields, which has proven lucrative given their relatively low operational costs compared to traditional corporations. Ethical Concerns Arise World Liberty Financial, announced in August, is part of Trump’s broader foray into the cryptocurrency world, which also includes non-fungible tokens (NFTs) and a memecoin named after the President, TRUMP. The project is positioning itself within the decentralized finance sector, which aims to replicate traditional banking services—such as lending and borrowing—on blockchain platforms. However, details about the project’s specific offerings remain vague, with little information available on their website. The project’s “gold paper” outlines ambitions to create a comprehensive hub for various DeFi applications, including decentralized lending platforms and crypto exchanges. Trump himself holds the title of “Chief Crypto Advocate” for World Liberty Financial, underscoring his involvement in the initiative. Related Reading In a show of investor confidence, the project recently announced it had raised $550 million in token sales, attracting attention from various stakeholders, including Trump family members and loyalists. Barron, Eric, and Donald Jr. have been designated as World Liberty Financial’s “Web3 Ambassadors,” while real estate magnate Steve Witkoff and his sons are listed as co-founders alongside DeFi developers Zak Folkman and Chase Herro, who previously faced challenges with their project, Dough Finance, which suffered a $2 million hack. Despite the enthusiasm surrounding the project, it has raised ethical concerns among experts, particularly regarding the potential for influence peddling. Critics have pointed to instances like Justin Sun’s public purchase of $75 million worth of World Liberty Financial tokens, suggesting that such activities could blur the lines of regulatory compliance. The daily chart shows TRUMP’s price trending downwards. Source: TRUMPUSDT on TradingView.com At the time of writing, TRUMP memecoin is trading at $11.58, down 30% on a monthly time frame and 84% off its current record high of $73.43 reached on the same day of its debut on January 19. Featured image from DALL-E, chart from TradingView.com
World Liberty Financial WLFI Token Sales Surge: Less Than 1 Billion Tokens Remain
Este artículo también está disponible en español. World Liberty Financial (WLFI), a forthcoming cryptocurrency platform endorsed by President Donald Trump and his sons, has reported a significant uptick in the sale of its governance tokens. After a slow initial rollout approximately four months ago, Bloomberg reports that the platform has sold over 24 billion of its WLFI tokens, representing more than 96% of its total supply. As it stands, fewer than 1 billion tokens remain available for sale. World Liberty Financial Token Sale Sparks Debate The World Liberty Financial token, priced at 5 cents each, is part of a broader initiative aimed at raising $300 million at a $1.5 billion valuation. Related Reading The project launched its token sale in mid-October, with the intention of enabling token holders to propose changes to the platform and vote on others’ proposals. However, the limited rights associated with the WLFI tokens have raised concerns. Holders possess minimal voting rights and no economic entitlements, and the tokens cannot be traded or sold back to World Liberty, prompting questions about their long-term value and utility. Adding to the intrigue surrounding World Liberty Financial, crypto entrepreneur Justin Sun, founder of the TRON blockchain, recently disclosed a substantial investment of $45 million into the venture. This increased Justin Sun’s total stake in World Liberty Financial to $75 million, indicating strong confidence in the platform’s potential. TRUMP And MELANIA Tokens Experience Wild Price Fluctuations Analysts are speculating that forthcoming executive orders from Trump could positively influence the cryptocurrency landscape in the US, yet skepticism remains among industry veterans. Nic Carter, a venture capitalist, expressed concerns regarding the ethical implications of a sitting president engaging in business ventures that may present conflicts of interest. The launch of Trump’s memecoins has also stirred significant controversy. As previously reported by NewsBTC, the Donald Trump memecoin (TRUMP) saw a sharp decline, dropping from a weekend high of $75 to $17. Related Reading Similarly, the Melania Trump memecoin (MELANIA) disrupted the market with increased excitement among crypto investors, with its value fluctuating dramatically from a high of $13.64 to its current trading price of $1.26. Bernstein analysts have characterized this period as a “chaotic crypto era,” suggesting that government involvement with cryptocurrencies could redefine the relationship between leadership and emerging technologies. They argue that the launches of Trump and Melania’s memecoins could signal a potential regulatory shift, positioning digital assets as a direct link to a wider audience. The 4H chart shows TRUMP’s price downtrend. Source: TRUMPUSDT on TradingView.com While trading at $17, TRUMP is posting significant losses of 6%, 2% and 70% in the 24 hour, fourteen day and monthly time frames respectively, coupled with a 27% drop in trading volume, according to CoinGecko data. Featured image from DALL-E, chart from TradingView.com