The digital asset venture backed by members of the Trump family just took a serious hit. Their Bitcoin-focused project has shed roughly one-third of its valuation amid the recent crypto market chaos. What started as a high-profile entry into the blockchain space is now facing the brutal reality of market volatility. This sharp downturn raises questions about celebrity-backed crypto initiatives and whether name recognition can shield projects from broader industry turbulence. The timing couldn't be worse—investors are watching closely as the venture navigates these choppy waters.
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LowCapGemHunter
· 15h ago
Haha, it's hilarious, even the aura of celebrities can't shield us from the Bear Market.
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GasFeeCrier
· 15h ago
Haha, this is called reality, fame can't shield you from the bloodbath in the crypto world.
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Another project that was hyped to the sky, it hurts quite a bit when it falls down.
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Is the Trump family not doing well either? It seems no one can escape this wave.
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To put it bluntly, it's still too much faith in traffic saving lives; the market doesn't buy this.
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But to be fair, such adjustments are normal; the question is whether one can withstand it.
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ChainMelonWatcher
· 15h ago
The celebrity effect can't save it either; one-third of the valuation can just disappear... This is the norm in the crypto world, no matter how big the background is, you still have to kneel.
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SigmaValidator
· 15h ago
Haha, the iron-blooded reality, fame can't save the crypto world.
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ImpermanentLossEnjoyer
· 16h ago
Ha ha, celebrity coin is just like this, it can't shine for long.
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The celebrity effect can't stop the fall, I thought it was definitely stable.
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A third is gone, this wave is a bit fierce, luckily I didn't go all in.
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I said it, no one in the crypto world can go against the odds, no matter how big the name, they still have to kneel.
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In the face of market chaos, everyone is equal, even the rich are suckers.
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The project party is probably thinking about how to explain to investors now...
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That's why I only look at technology and not people, personal branding is unreliable.
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Volatile markets love to do this, catching you off guard.
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Miscalculated, I originally thought it would be stable with Trump's endorsement, but it was still smashed.
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Another lesson, don't believe in narratives, just look at the market.
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PensionDestroyer
· 16h ago
Haha, even the Trump family's coin can't hold up, this is the real market test!
The digital asset venture backed by members of the Trump family just took a serious hit. Their Bitcoin-focused project has shed roughly one-third of its valuation amid the recent crypto market chaos. What started as a high-profile entry into the blockchain space is now facing the brutal reality of market volatility. This sharp downturn raises questions about celebrity-backed crypto initiatives and whether name recognition can shield projects from broader industry turbulence. The timing couldn't be worse—investors are watching closely as the venture navigates these choppy waters.