The recent introduction of memecoins by the Trump family has caused a stir in the cryptocurrency market, leading to significant price drops in various altcoin categories. Data from SosoValue, as reported by Wu Blockchain, highlighted that the launch of $TRUMP and $MELANIA tokens was the catalyst for this downturn.
Following the listing of these memecoins on exchanges, there was a noticeable decrease in the prices of AI agent coins by 12.08%, DeFi tokens by 6.94%, and Layer-1 coins by 6.99%. Layer-2 tokens also experienced a decline of 10.59%, while the memecoin category as a whole saw a 7.53% drop.
Amidst this market turbulence, the debut of World Liberty Financial ($WLFI) token gained traction despite being positioned as a playful gesture rather than a serious investment opportunity. The presale of $WLFI was a success, raising the targeted funds with each token priced at $0.015. With over 34,000 holders and 100 billion tokens in circulation, $WLFI has garnered significant attention from investors.
Notably, TRON DAO emerged as the largest independent buyer of $WLFI tokens, holding 3 billion tokens, while TRON founder Justin Sun purchased 1 billion tokens for 15 million USDT. Sun’s previous investment of $30 million further solidifies his support for the World Liberty Financial project.
In line with the memecoin trend, Donald Trump introduced the $TRUMP token, linking it to his presidential campaign. The promotional campaign, featuring a graphic of Trump with the slogan “FIGHT FIGHT FIGHT,” has resonated with supporters. Trump emphasized that the token is meant for fun and symbolic support rather than a serious investment, encouraging fans to enjoy its novelty.
Through social media promotion, Trump has reinforced the idea of $TRUMP as a meme rather than a financial asset, enhancing its appeal to his followers. The memecoin craze surrounding the Trump family’s tokens continues to grow, attracting both investors and supporters alike.
As with any investment opportunity, readers are advised to exercise caution and conduct thorough research before engaging with these memecoins. The information presented in this article is for educational purposes only and should not be considered as financial advice. Coin Edition is not liable for any losses incurred due to the utilization of the content mentioned.