Donald Trump who has a financial stake in World Liberty Financial announced that the crypto program i.e., WLF is designed to strengthen cryptocurrencies like Bitcoin and Ethereum. Cryptocurrencies are at the forefront of reshaping global finance.
As posted on the X account this new crypto platform will help to curtail the market volatility and entitle the company to invest in innovative projects and develop a well-capitalized reserve.
It would also seek collaboration with financial institutions to come up with tokenized assets for its reserve. It is also said that it would find strategic partnerships with financial organisations to contribute tokenized assets to the WLF reserve.
No response was given by the trump organization and the White House. This announcement comes at a time when Trump and his whole family business are making money from the world of crypto Trump and his family businesses are strategically increasing their assets from the world of crypto.
$TRUMP ($14.88) Meme Coin and World Liberty Financial (WLF)
On top of that, on January 29 it was announced that the majority stake of Trump’s family in the Trump media & technology group pivoting into financial services tied to crypto. $TRUMP meme coin. was inaugurated by the president.
Three days before his inauguration, the president also launched his $TRUMP meme coin. Donald Trump’s meme coin can now be used to buy watches and sneakers.
Several websites selling Trump-branded products have started to accept the Trump meme coin for payment.
Trump meme coin was released on Jan. 17. and the president promoted it on social media. The value of the coin has gyrated over time and is now down significantly from its peak. But it still had a total market cap of $5.4 billion.
In recent days, other businesses, such as the travel site Travala.com, also began accepting $Trump for payment.
In January, Trump said that his assets would be managed by his children while he is in office.
World Liberty Financial is a decentralized finance protocol founded in 2024; Donald Trump’s company title is “Chief Crypto Advocate”. WLF is launched two months ahead of the USA parliamentary presidential elections.
Trump and his business partners hold 60% of the holding company and they have the right to get 75% of the revenue and 22.5 billion tokens, according to the company’s website.
Donald Trump Junior, the President’s eldest son, made a surprise appearance at the ONDO ($1.35) summit in New York City. The company’s founders told to present attendees, most of them were from traditional finance Backgrounds.
TRUMP Memecoin Is Losing the Charm
The whole crypto community is shocked when the official TRUMP memecoin is launched just before the inauguration of the US president. The meme token price rose overnight and was listed on all the major cryptocurrency exchanges worldwide. The meme token gets over $75 Billion in total marketcap in just 2 days.
While the hype doesn’t last long and the price immediately drops from the $75 mark. $TRUMP is now trading below $15 with a drop of more than 81% from the all-time high price. Donald Trump also said he doesn’t know much about the memettoken and the future of the token is now in uncertainty zone.
