Altcoins Feel the Heat as Trump Family Tokens Hit the Market

The Trump family’s token launches have caused price drops in AI, DeFi, and Layer-1 altcoins. $WLFI token presale raised funds, with 34,000 holders and 100 billion tokens in circulation. Trump promotes $TRUMP as a fun token, not an investment, ahead of his inauguration. The latest release of Trump family memecoins has stirred the crypto market, affecting altcoin prices drastically. According to Wu Blockchain, citing SosoValue data, the launch of $TRUMP and $MELANIA tokens was what triggered the downturn. After listing these memecoins on exchanges, the market saw sharp downturns in several categories. AI agent coins dropped by 12.08%, DeFi tokens by 6.94%, and Layer-1 coins by 6.99%. Layer-2 tokens also took a hit, with a 10.59% drop, while the memecoin category itself fell by 7.53%. https://twitter.com/WuBlockchain/status/1881180965206401151 $WLFI Token Gains Popularity Despite Altcoin Slump The market shifts coincided with the debut of the Trump family’s flagship crypto project, World Liberty Financial ($WLFI). Investor interest in $WLFI surged despite the token being positioned as a lighthearted gesture rather than a serious investment. The… The post Altcoins Feel the Heat as Trump Family Tokens Hit the Market appeared first on Coin Edition .