Donald Trump’s family-backed cryptocurrency platform World Liberty Financial (WLFI) has taken a risk by purchasing several Ethereum Name Service (ENS) domain names. This has led to rumors about what the company plans to do next in the cryptocurrency space. Among the well-known names bought are trumpcoin.eth, erictrump.eth, and barrontrump.eth. There are ties between these domain names and well-known Trump family members. Future projects or crypto businesses could use these domain names.
This move comes soon after the Trump family joined the world of cryptocurrency. His family released the “TRUMP” memecoin just a few days before Donald Trump’s inauguration. It quickly got a lot of attention. The value of the token went up to over $9 billion on the market, but then it went down a little. Melania Trump did the same thing when she released her own coin called MELANIA. It also grew quickly and briefly reached a market cap of $6 billion.
People have both praised and criticized the Trump family’s work in the crypto world. These new developments show that they are becoming more committed to blockchain and digital assets. Some people in the crypto community think that the Trump family’s purchases of ENS domains are a sign that more memecoins are on the way, which suggests that they may be planning to play a bigger role in the digital currency space.
In addition to purchasing these domain names, World Liberty Financial has invested a significant amount of money in Ethereum. The company just bought $48 million worth of ETH, which means it now has over $100 million in total.
As the Trump family continues to make changes in the cryptocurrency market, everyone is looking forward to seeing what they do next. It looks like World Liberty Financial is getting ready to make a big splash in the world of decentralized finance. They have already bought new domain names and are adding more digital assets to their collection.
