Eric Trump, govt vp of the Trump Group and son of US presidential candidate Donald Trump, hinted {that a} main announcement from the crypto trade is imminent on Tuesday. In a put up on DonaldJTrumpJr”.
This information was rapidly uncovered echo The thrill was amplified by a put up from his brother, Donald Trump Jr.: “Huge issues are coming. That is the longer term! As of press time, it was unclear what the announcement contained.
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The teasers come after Donald Trump attended the Bitcoin 2024 convention, the place he promised Establish The “Nationwide Strategic Bitcoin Stockpile” confiscated by the U.S. authorities.
Earlier than the assembly, there have been strong rumors Tesla CEO Musk may converse alongside Trump on the convention. Nonetheless, the rumors didn’t turn into actuality. Nonetheless, there does appear to be some fact to the matter. Donald Trump and Elon Musk may have a “main interview” on Monday evening, as X introduced.
Convention organizer David Bailey, Trump’s Bitcoin adviser commented As we speak by way of Obtained many occupied with the affect of anticipated interviews versus now deliberate interviews.
In opposition to this backdrop of excessive expectations and large bulletins, Trump Meme Coin DJTThe challenge, which launched on the Solana blockchain in June, suffered a catastrophic value drop yesterday because of speculative ties to Barron Trump. Some attributed the large sell-off to a “pull” from builders related to the challenge.
Notably, the sudden debacle comes simply weeks after controversy arose over the coin’s alleged ties to the previous president, which his representatives have vehemently denied. TylerD, a well-liked cryptocurrency analyst on X, has drawn connections between these developments.
“Eric Trump mentioned he has fallen in love with crypto/DeFi. And previewed a giant announcement coming quickly. Curiously, this occurred inside 24 hours of the DJT token going up. The brand new Trump token is coming Coming? Analyst commented. His feedback underscore the timing of Eric Trump’s announcement in relation to the DJT debacle, fueling hypothesis about whether or not the upcoming announcement would possibly contain the launch of a brand new Trump-affiliated cryptocurrency.
At press time, DJT is buying and selling at $0.00051, down greater than -98% from its all-time excessive.
Featured picture from Axios, chart from TradingView.com
