The Trump Family Takes Over the Altcoin Market? Coins Picked by the Trump Family [Kang Min-seung's Altcoin Now]

Trump Family Plans to Expand Business in Ethereum, etc.

Solana Emerges as a Beneficiary of the 'Trump Meme Coin' Craze

World Liberty Continues to Purchase Ethereum, TRON, etc.

Entire Cryptocurrency Market, Volatility Alert

Market Recovery Trend with Buying Pressure from the U.S.

As U.S. President Trump signed the first executive order related to virtual assets (cryptocurrencies) on the 24th, optimism is spreading in the industry. At the same time, 'Trump Family' meme coins and cryptocurrency projects are gaining significant attention in the market. Market experts advise investors to be cautious, as there is a possibility of significant volatility soon, with overall selling pressure in the cryptocurrency market decreasing.

The altcoin market, which has been undergoing adjustments along with the recent decline in Bitcoin, is attempting to recover. The leading altcoin Ethereum (ETH) is trading at $3,399, up 5.84% from the previous day, on the Binance USDT market as of 16:08 on the 24th (506,500 KRW on Upbit). At the same time, the relative value of Ethereum compared to Bitcoin (ETH/BTC) also slightly increased to 0.03243.

On this day, Bitcoin (BTC) dominance (the proportion of Bitcoin in the total market capitalization of cryptocurrencies) continued its decline for the third day at 58.51%. The recent decline in Bitcoin prices and dominance suggests that the entire market is showing weakness.

"Trump Family's Cryptocurrency Ambitions, 'World Liberty Financial'... Plans to Expand Ethereum-Based Business"

Photo = World Liberty Financial Homepage Capture

First, the Trump family is pursuing various initiatives centered on cryptocurrency-based revenue generation and lending businesses through cryptocurrency projects such as 'World Liberty Financial (WLFI)'. World Liberty Financial operates based on the technology of the cryptocurrency lending platform Aave (AAVE). Last September, President Trump established World Liberty Financial with his two sons, and Trump's relatives are also registered as company officials.

On the 21st, the Financial Times (FT) reported, "World Liberty Financial has sold more than $1 billion (about 1.4 trillion KRW) worth of tokens since its establishment." It is expected that 75% of the excess profits from the project will be distributed to the Trump family. Eric Trump, the second son of President-elect Trump, stated, "World Liberty Financial believes it will innovate centralized finance (CeFi) and decentralized finance and become the future of finance."

In particular, the Trump family is known to plan to build another large-scale cryptocurrency business based on Ethereum (ETH). There is also a possibility of expanding or supporting businesses based on blockchains such as Bitcoin (BTC) and Solana (SOL).

Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, said on the 21st, "The Trump family is planning one or more large-scale businesses based on Ethereum," adding, "Trump will move in a direction beneficial to the U.S., and support related to Ethereum will be included in that process." He added, "Just as the internet and the web are used in government activities, Ethereum technology is likely to be used in government activities."

World Liberty Financial Holds the Most Ethereum... Continues to Purchase TRON, etc.

List of Tokens Held by World Liberty Financial / Photo = Arkham Intelligence Capture

According to blockchain analysis by Arkham Intelligence, World Liberty Financial holds tokens such as Ethereum (ETH), Aave (AAVE), Chainlink (LINK), Etena (ENA), and Ondo Finance (ONDO). The cryptocurrency that WLFI holds the most is Ethereum, with a total of 56,333 ETH (about 260.4 billion KRW). Additionally, 10,000 of the Ethereum holdings are deposited in the staking platform Lido (LDO).

Recently, World Liberty Financial has been additionally purchasing Ethereum, Etena, Chainlink, Wrapped Bitcoin (WBTC), and TRON (TRX). Justin Sun, founder of TRON, stated, "The inclusion of TRON in World Liberty Financial's assets shows trust in the TRON blockchain network."

Recent Price Movements of Coins Held by World Liberty Financial / Photo = CoinGecko

Many of the coins held by World Liberty Financial have shown a short-term bearish trend after surging over 100% following the U.S. presidential election. Ethereum rose 35% after Trump's election, while Chainlink surged 130% and Aave soared 142%. During the same period, Etena rose 132%, and Ondo Finance recorded a 107% increase.

"Trump Meme Coin Emergence Amplifies Cryptocurrency Market Volatility... Solana Also Surges"

Recently, there is an analysis that Solana (SOL) has emerged as an indirect beneficiary of the Trump meme coin craze. This is because it was revealed that the Trump meme coin was issued based on the Solana network. Solana is characterized by faster transaction processing speeds and relatively lower fees compared to Ethereum. CIC Digital, a Trump-affiliated company, chose Solana instead of Ethereum as the blockchain on which the Trump meme coin would be issued.

Cryptocurrency media outlet Cointelegraph reported, "With the launch of the official Trump meme coin on the Solana blockchain, Solana's dominance in the cryptocurrency market and DeFi (decentralized finance) is further strengthening." Previously, on the 19th, when the TRUMP price surged once, the SOL price also rose to near $300, reaching an all-time high.

Melania Trump Also Launched a Meme Coin. / Photo = Donald Trump X (formerly Twitter) Capture

Meanwhile, there are observations that the volatility of the cryptocurrency market has increased since the launch of the Trump meme coin. Alex Kuptsikevich, a senior market analyst at FXPro, analyzed, "After the recent launch of the official Trump (TRUMP) and Melania (MELANIA) meme coins, the total cryptocurrency market capitalization temporarily surpassed $3.72 trillion (about 5,341 trillion KRW), and volatility soared."

Cryptocurrency data analysis company Kaiko also reported in a research report on the 20th, "After the launch of the Melania meme coin, selling pressure occurred in the Trump meme coin," adding, "Traders seem to have moved funds to seek profits from the new coin. Subsequently, significant volatility appeared in the market." It explained that as the prices of coins that received significant attention in the market fluctuated sharply, volatility spread throughout the altcoin market.

"Entire Cryptocurrency Market, Major Volatility Coming... In the Eye of the Storm"

Market experts have analyzed that the cryptocurrency market is taking a temporary stabilization before major volatility. Recently, the cryptocurrency market has seen a large influx of buying pressure from the U.S., and both institutional and individual investors are showing solid demand. Additionally, there are observations that market participants are calmly waiting for news that could act as a catalyst for an increase, focusing on whether Bitcoin can break through the psychological resistance level of $110,000.

There are forecasts that the cryptocurrency market, which has experienced sharp fluctuations recently, may see volatility expand again soon. On the 21st, on-chain cryptocurrency analysis platform Glassnode stated in its weekly report, "The cryptocurrency market is showing stability after experiencing extreme price fluctuations around Trump's inauguration," but also predicted, "Various on-chain data and recent 60-day price movements all suggest that cryptocurrency market volatility could expand significantly soon."

The report analyzed, "The current market resembles the early stages of a bull market before a surge or the atmosphere of a bear market just before investor capitulation (mass selling) appears." The cryptocurrency market has formed a box range over the past 60 days, moving within a relatively narrow price range, and the suppressed volatility could explode significantly. Additionally, it is observed that overall selling pressure has decreased recently, and individual investor buying pressure has increased, making the upward outlook more dominant.

Altcoin Trading Volume Share Recently Surged to 71%. / Photo = Kaiko

There is also an analysis that the recent buying pressure from the U.S. spot market is leading the market recovery trend. Global cryptocurrency exchange Bitfinex analyzed, "Recently, the cryptocurrency market has rebounded due to high demand from institutional investors and aggressive spot buying pressure," adding, "Strong buying pressure has been observed, especially in U.S.-based cryptocurrency exchanges. A positive foundation is being formed that can continue the bullish trend in the medium term." However, there are also forecasts that volatility may increase in the short term as signs of exhaustion of buying pressure in the spot market appear.

As macroeconomic indicators improve recently, there are also forecasts that the cryptocurrency market will continue its long-term bullish trend. Renowned cryptocurrency strategist Michael van de Poppe predicted, "The dollar index (DXY), which signifies the value of the dollar against six major currencies, has recently fallen by more than 1 percentage point, and bond yields are also on a downward trend," adding, "Although altcoins may experience short-term adjustments, they will continue a bullish trend similar to the 2017 bull market." Typically, Bitcoin prices are inversely related to the value of the dollar. Also, when market interest rates fall, there is a tendency for funds to flow into risk assets.

The strategist diagnosed, "The altcoin market has experienced extreme volatility in recent days. A typical selling trend of 'buying on rumors and selling on news' continued (related to Trump's inauguration)." He added, "Nevertheless, I still maintain a 'risk-on' state by keeping my entire portfolio in altcoins (without selling)." Meanwhile, 'risk-on' refers to a strategy of operating funds in risk assets instead of safe assets.

In particular, market participants are focusing on the direction of Bitcoin, the leading cryptocurrency. Renowned cryptocurrency analyst Benjamin Cowen stated on his YouTube channel on the 22nd, "When a new administration takes power in the U.S., uncertainty in the market may increase for a while," but also analyzed, "The market is stagnant, waiting for catalysts such as announcements related to Trump's Bitcoin strategic reserve that could trigger an upward trend."

Cowen predicted, "The current cryptocurrency market is focusing on whether Bitcoin can stably break through $110,000," adding, "If Bitcoin succeeds in breaking through, the market could continue its upward trend until the end of the year, similar to the previous halving events in 2013, 2017, and 2021." However, there is also a forecast that if Bitcoin fails to break through in the coming weeks, the cryptocurrency market may turn bearish.

Kang Min-seung, Bloomingbit Reporter minriver@bloomingbit.io