$0.04
24h
-1.56%
15 Aug, 03:11
Personal loss experience on WLFI token
Bearish-17.35%
AI Summary
The author shares news about Trump's crypto bank venture while expressing personal losses from holding $TRUMP and $WLFI tokens, indicating a bearish view on these political crypto tokens.
Trump talks about quitting the scene, but secretly opens a crypto bank.
Last week, Trump Media announced a reduction in most of its crypto expansion.
I thought Trump couldn't withstand this bear market and was preparing to quit.
But today came the news: another crypto project under his umbrella, World Liberty Financial, has obtained a license to establish a National Trust Bank in the United States.
This bank is different from ordinary banks.
It does not accept deposits or issue loans; its main functions are custodial services for digital assets and managing the USD1 stablecoin issued by the Trump family.
$USD1 has been listed for just over a year, and its market cap has already exceeded $4 billion, making it the fourth-largest stablecoin globally.
So Trump never quit the scene; he just switched to playing with something else.
However, great Mr. President, you should just stick to working on stablecoins.
First there was $TRUMP, and now $WLFI; I've already been cut until I have nothing left. 😂