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What is Trump's crypto map?
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Although Trump has disturbed the world since he took office, we have to admit that, personally, Trump is undoubtedly the most money-making president of all time. In addition to his well-known real estate industry, the growth of his media and technology companies, and the shady stock operations that have made the market extremely suspicious, he has also opened up a new channel for profit-making - cryptocurrency, and has made at least $1 billion in profits from it.
To date, Trump's crypto territory has been expanding, from the initial NFT to Defi, from MEME to stablecoins, and finally to mining. A new crypto empire named after Trump seems to be rising. And just recently, according to Fortune, the Trump family is suspected of targeting the blockchain game field again.
In June 2021, Trump at the time also advocated the "Great Dollar Theory", denounced cryptocurrencies as a "scam" that affects the value of the dollar, and said that cryptocurrencies should be strictly regulated. But in less than a year and a half, Trump has shown the true fragrance law. On December 15, 2022, Trump announced the release of Trump digital trading card NFT through TruthSocial, a social media website he founded. The series was minted on the Polygon blockchain, initially creating a total of 45,000 NFTs, with a starting price of $99 per piece. Buying 45 digital trading cards will get you a ticket to dinner with Trump. This series of NFTs can be purchased with credit cards and WETH, and requires KYC and email. Although it caused ridicule at the time, under the traffic blessing and call of the former president, this series was still sold out in less than a day after its launch. Judging from the trading volume of opensea, the total transaction volume of this series reached 17,115ETH, and there are currently 14,411 holders.
NFT is just the beginning. It is both for earning political donations and for canvassing votes. In September 2024, the Trump family announced the launch of the cryptocurrency project World Liberty Financial. This company named Defi has not seen much improvement in Defi since its listing. Instead, it has continuously bought coins and built positions, which has attracted attention. The total holdings have reached 1 billion US dollars, with a loss of 0.87%. More directly, the sale of governance tokens. In the context of clarifying that the tokens will not be resold at the secondary level and that there are market interests, in March this year, WLFI still announced the completion of the sale of $550 million of WLFI governance tokens, and the currency circle OG Sun Yuchen also contributed $75 million.
Just as Trump talked about the future of stablecoins at the first White House Crypto Summit, the family business took action. On March 25, WLFI announced the launch of a stablecoin called USD1, which is pegged to the US dollar and 100% backed by US government short-term treasury bonds, US dollar deposits and other cash equivalents. USD1 will be minted on the ETH and BSC blockchains, and plans to expand to other protocols in the future. USD1 reserves will be hosted by BitGo. As of now, according to Coingecko data, USD1 transaction volume has exceeded 44.91 million US dollars.
Mining
Stablecoins
NFT
MEME Trump
Defi
