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Cryptocurrency News Articles
The Trump family makes a splash in the crypto universe. Between Ethereum Name Service (ENS) domain names and memecoins with astronomical capitalizations, their strategy intrigues. Today, this even sparks debates within the cryptosphere.
Jan 21, 2025 at 03:05 pm
The Trump family invests in a bold crypto strategy with ENS On January 19, the crypto platform backed by Donald Trump World Liberty Financial revealed the purchase of ENS domain names. This includes:
The Trump family is making waves in the crypto world with their recent investments in Ethereum Name Service (ENS) domain names and memecoins.
On January 19th, World Liberty Financial, a crypto platform backed by Donald Trump, revealed its purchase of several ENS domain names, including "trump.eth" and "melaniatrump.eth." These acquisitions, quickly spotted by crypto enthusiasts on Etherscan, sparked a flurry of speculation within the cryptosphere.
Aixbt, a renowned crypto expert, couldn't help but chime in, exclaiming: "Someone is planning ahead!"
These ENS names could pave the way for the Trump family to establish a distinct digital presence within the blockchain ecosystem. Experts suggest that these names will also aid in launching and managing future crypto tokens or DeFi projects.
Moreover, having a clear and secure identity on Ethereum could help solve the puzzle of memecoins, which are often linked to scams.
In another bold move to promote his image, Donald Trump has launched his own memecoin, aptly named TRUMP. This new digital asset hit the ground running, boasting a market capitalization of $15 billion within hours of its launch.
It quickly surpassed flagship projects like PEPE and BONK, becoming a hot topic in the world of tokenomics. At the time of writing, its price had dropped to $57.30, but the enthusiasm surrounding this cryptocurrency remained palpable.
Meanwhile, Melania Trump unveiled her own crypto token, MELANIA, which reportedly generated $6 billion in just 2 hours.
These launches showcase the Trump family's grand ambition to become major players in the cryptoasset ecosystem.
With their acquisition of ENS names and launch of spectacular memecoins, the Trumps are pushing the boundaries of the crypto blockchain. But these initiatives also beg an essential question: is this a sustainable revolution or a mere marketing operation? Only time will tell.
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