Trump Family Don Cut Their Stake for World Liberty Financial Stablecoin Project
Di Trump family through DT Marks DEFI LLC, quietly reduce dem hold for World Liberty Financial stablecoin biz from 60% go reach about 40% within 11 days. After some cuts for December and January before, the latest sale con touch with Circle IPO market jump and new Senate stablecoin rules dem. Since e start for September 2024, World Liberty Financial don raise over $550 million, including pass $200 million token sales for 29 hours after launch. Based on value with other public issuers like Circle, the project fit worth $1.7 billion, meaning say the family fit don collect up to $190 million—about $135 million go directly to Donald Trump. The transaction wey dem no announce don make crypto traders dey worry about transparency, e show say insiders fit plan exit and regulators fit soon check dem.
Bearish
Insider wey dey sell for high-profile stablecoin project dey usually cause short-term price pressure as traders dey see the move as sign say e fit be overvalued or confidence dey reduce. Lack of regulatory disclosures dey increase uncertainty, fit make market sentiment low. For long term, if regulations clear, e fit boost stablecoin adoption, but immediately, e likely say e go cause bearish reaction for World Liberty Financial token.