Compounding the intrigue surrounding WLF, notable crypto entrepreneur and TRON blockchain founder Justin Sun recently revealed a significant investment of $45 million into the venture, raising his total stake to $75 million. The market’s reaction has been volatile, exemplified by Bitcoin’s brief spike to a record high of over $109,000 on Monday, followed by a retraction toward $102,000 after Trump’s inauguration speech. Analysts now speculate that upcoming executive orders from Trump could bolster the crypto industry’s fortunes in the US, although skepticism lingers among some industry veterans. Nic Carter, a venture capitalist, articulated concerns about the "ethical implications” of a sitting president engaging in business ventures that could be perceived as "conflicts of interest.” Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next The launch of Trump’s memecoins has also stirred controversy, with the Donald Trump memecoin experiencing a sharp decline from a weekend high of $75 to $52. Meanwhile, the Melania Trump memecoin, which disrupted the market dynamics of the Donald coin, saw its value fluctuate significantly from a high of $13.64 to $8.43.
Over the weekend, both Donald Trump and his wife, Melania, launched their own memecoins, which experienced rapid spikes in value. Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Eric Trump, actively promoting World Liberty Financial, also attended a "high-profile crypto event” in Washington, celebrating the intersection of politics and digital assets as his father prepares for a new administration.
The Financial Times reported on Monday that World Liberty Financial (WLF), the digital asset venture associated with President Donald Trump, has successfully raised $1 billion through its token sales. Initially launched in October with a goal of selling only 20 billion WLF tokens, the decentralized finance’s (DeFi) venture token surpassed this target by selling 21 billion tokens, demonstrating robust demand despite a rocky start.
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