Trump did not mention cryptocurrency, Bitcoin fell back after hitting a new high of 109K, and TRUMP also fell to 40 mg

During the inauguration of US President Donald Trump, the cryptocurrency market experienced increased volatility, with Bitcoin reaching a new high of $109,588 before retreating, and the meme coin TRUMP issued by him also falling to around $40, a 40% retracement from its high of $72.

(Cryptocurrencies not mentioned! Trump's inauguration speech issued multiple orders: restoring border security, national energy emergency, and America First all the way)

Trump did not mention cryptocurrencies, Bitcoin reached a new high of 109K before retreating

Before being sworn in, Trump and his wife Melania launched meme coins, which diverted investor funds and impacted other cryptocurrencies. However, investors later believed that this was a friendly policy towards cryptocurrencies by Trump. Bitcoin reached a new all-time high of $109,588 yesterday afternoon.

(The First Family went crazy with coins, the TRUMP and MELANIA fundraising effect, Bitcoin once fell below $100,000)

However, Trump did not mention cryptocurrencies at all during the inauguration ceremony, and Bitcoin retreated from its high, once approaching the $100,000 mark, and was reported at $103,137 before the deadline.

The meme coin TRUMP issued by him also fell to around $40, a 40% retracement from its high of $72.

World Liberty Financial token sales surged, they bought more WBTC and ETH

According to The Block, driven by the launch of the First Family's meme coins, the sales of the WLFI tokens of the World Liberty Financial DeFi project supported by the Trump family soared from $91 million the previous day to over $250 million on Sunday. The project sold 20% of the initial 100 billion token supply reserved for the public offering, and due to strong demand, an additional 5% was opened.

Meanwhile, according to Arkham, World Liberty Financial continued to diversify its reserves, buying $47 million each of WBTC and ETH to celebrate the 47th US President. It also purchased TRX, LINK, AAVE and ENA.

Previously, Justin Sun, the founder of Tron, stated that Tron DAO had increased its investment in World Liberty Financial by an additional $45 million, reaching $75 million. He also serves as an advisor to the project.