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Donald Trump's Night Altcoin Release from Cryptocurrency Project! They Bought Surprise Altcoin
On-chain data revealed that a cryptocurrency address associated with the World Liberty project, linked to the Trump family, spent $100,000 via the Cow Protocol to acquire 541.242 SEI tokens. The tokens were later transferred back to the main address of the World Liberty Foundation (WLF).
The Trump family's relationship with cryptocurrencies signals a significant shift compared to Donald Trump's previous stance. Trump, as recently as 2021, had referred to Bitcoin as a "scam."
However, during the second vice presidential election campaign, he embraced digital assets and promised to make the US the 'crypto capital of the planet' by attending a Bitcoin conference in Nashville in July 2024. Trump's proposed policies include reducing regulatory constraints and advocating for the accumulation of Bitcoin and other cryptocurrencies by the government.
After the Nashville conference, Trump and his sons established World Liberty, a company positioning him as a significant figure in the digital asset space.
Despite the initial sluggish sales, World Liberty saw a significant increase in token sales following Trump's presidential election victory. According to Dune Analytics, the company has currently sold registered tokens worth 300 million dollars. However, investors are facing restrictions as they are currently unable to resell their tokens or claim any profits.