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. 😂

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