US President Donald Trump has traveled a long way since he said that the value of the crypto was “based on thin air” in 2019. So much so that it is now one of the greatest supporters in the sector, in detention in the same, deffi, nft and even stablecoins.
A new report by the Fund of Democracy of State Democracy estimates that Trump’s family has increased their net value by $ 2.9 billion thanks to the crypto, and that now 40% of this net value takes place in cryptographic assets.
His in -depth links with the industry have repercussions through the political landscape, to the point that a bill on the stables of the largely bipartite range failed Thursday in a key vote after the Democrats were worried about the extent to which he benefits from the sector.
Trump’s support helped to trigger a continuous bull market after its electoral victory in November, a market that was dominated by two trends: same and institutional adoption of Bitcoin via ETF. Although the latter is the province of investors and institutional providers, it is the same activity that endangers retail investors and is potentially mature for exploitation.
Solidus Labs said on Thursday that 98% of the same emitted on the PUMP token creation platform. The platform has since refuted the allegations of the report.
Another analysis by Chainalysis, quoted by CNBC, suggested that the vast majority of Trump tokens holders have lost money.
A same is a type of crypto token without inherent value, often based, as its name suggests, on a character of the same or cartoon. The popular examples of this are Dogecoin (Doge), Shiba Inu (Shib) and Pepe (Pepe). The craze reached a highest point in January when Trump praised his own Trump token on social networks, followed by Melania – by the name of his wife.
Trump, who reached a one -day summit of $ 77.26, is now negotiated at $ 10.80, down 86%. Melania has dropped again, losing more than 97% of its value in four months to negotiate recently at 33 cents.
The media threshing around the publication of Trump’s social media has led to a wave of commercial activities. Chainalysis data reveal that 760,000 portfolios, mainly belonging to retail investors, have lost money on the Trump token.
A small group of people, however, was safe from these losses. The analysis chain data show that 58 portfolios have made profits greater than $ 10 million. The creators of the Token have enabled $ 320 million in negotiation fees, although it should be noted that around 5% of the costs went to the decentralization of Meteora, who hosted the launch.
Melania would have been recovered by a group of initiates before it was announced on social networks in a technique known as “sniping”. This group of initiates has made $ 100 million on Melania tokens by exchanging tokens against the USDC after its price, according to a Financial Times survey.
Hayden Davis, who revealed his interview in February. Davis was also the brain behind the stable coat that brought political chaos to Argentina.
In an interview with Coffeezilla in February, Davis said: “It will put me in danger a lot. What is fine, I will answer. I was one [MELANIA]. I think the team wanted to cut it due to the size of the snipe on Trump. We were really not the big sniper, that was what we were trying to avoid. We have not removed any liquidity, zero. »»
Trump Crypto-Réseau
Trump’s foray into the crypto is not limited to the same.
The family of the American president is also behind World Liberty Financial, a decentralized financial platform (DEFI) which raised around $ 590 million in two presale earlier this year. He collected funds at a time when the market rested around peaks of all time, so that this raised crypto figure is now much less. Arkham Intelligence’s data suggest that World Liberty Financial has about $ 103 million in crypto.
Trump also attempted to set up the non-bubbilist media battle tails (NFT) in 2022, releasing a series of cartoons representing the president as a superhero or a cartoon character. Trump won about $ 8 million by deploying these NFT, according to financial disclosure.
More recently, there was the cryptographic dinner event, which saw Trump organize a group of 25 Trump holders at a private dinner and a visit to his Virginia golf club. A Bloomberg report reveals that 19 of these 25 holders were either foreign entities or used an offshore exchange prohibited in the United States
He should organize another dinner for the 220 best holders of his token later in May. American senators Adam Schiff (D-Calif.) And Elizabeth Warren (D-Mass. Called for Trump’s dismissal, asking the US Office of Ethics of the Government to investigate if Trump raped the rules of federal ethics by inviting the main investors.
The Trump family did not immediately respond to the request for Coindesk comments.
Read more: Donald Trump denies allegations to enjoy Trump Token
