Former US President and Re-Candidate Donald Trump On Thursday, he took to social media platform Truth Social to unveil “The DeFiant Ones,” a decentralized finance (DeFi) initiative. The project is reportedly being spearheaded by Trump’s sons, Donald Jr. and Eric Trump. The Trump family has not made any major announcements about the new DeFi project so far.
MAGA Meme Coin is Rising
However, statements made by Trump claim that the new project that will emerge will challenge traditional financial institutions and aim to empower middle-class Americans. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The statement made on the matter was as follows:
The average American has been squeezed by big banks and the financial elite for too long. It’s time for us to take a stand together.
“The Defiant Ones” Although there are still no clear details about it, speculations seem to have increased a lot. Eric Trump also highlighted the concept of “digital real estate,” which potentially involves selling digitized assets in the metaverse or tokenizing real-world assets (RWAs), and he expressed his expectation of diversity.
Considering all this, these speculations have increased discussions about whether the project will launch another meme coin or tokenize tangible assets.
How Much Is MAGA?
Although there is still no clear status about the project, MAGHA (TRUMP) meme coin has hosted remarkable increases in 24 hours. It has been seen that it has experienced a remarkable increase of 21% in the last 24 hours. In addition, it should be noted that this meme coin is only related to Trump by theme and does not have any official connection with the former US President.
Made announcement Trump’s reveals a noticeable change in his previous perspective. During his presidency, he criticized Bitcoin by describing it as a scam.
However, his statements, especially after he began his presidential campaign, have shown that he has a more positive stance towards crypto. Trump gave a speech at the Bitcoin 2024 conference in Nashville last month. In this speech, he also promised to fire Gary Gensler if he won the election.
Moreover, he recently suggested that Bitcoin could play a role in solving the massive national debt of the United States, saying:
Who knows? Maybe we’ll pay off our $35 trillion, give them a little crypto check, right? Give them some Bitcoin, and we’ll wipe out our $35 trillion.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
