Trump’s Sons Debut Communication Hub for Teased Crypto Project

• Donald Trump’s sons are moving forward with their crypto venture.
• The brothers have launched a new platform.
• The Trump family has a history of exploring various crypto initiatives.

The “crypto president” campaign spearheaded by Donald Trump has recently extended to his family, with his sons, Eric Trump and Donald Trump Jr., taking to social media with a newfound interest in the industry. Their latest moves have stirred considerable buzz, including a teaser for a major project that they describe as the “real deal” to make their mark on the crypto sector.

Amid mounting speculation about the mysterious project, the Trump brothers have now unveiled a new platform.

Trump Boys Continue Crypto Bid

A new communication channel is the latest in the ongoing project teaser by Eric and Donald Trump Jr. On Thursday, August 15, 2024, the duo announced the launch of a Telegram channel, urging their combined 16.4 million followers to join in.

The channel, tagged “The DeFiant Ones,” follows the August 9 RTR token saga , which saw the rise and crash of a crypto project speculated to be the official token of the Trump campaign, prompting clarification from the brothers.

Eric and Donald Trump Jr. asserted that the Telegram channel will serve as the only source to communicate official announcements.

“A lot of rumors are swirling about our crypto project. To get the real story and stay updated with official announcements, join our official Telegram channel. Don’t rely on speculation—get the news directly here,” stressed Trump Jr.

The Trump boys have clarified that their upcoming project is not a memecoin, but instead, a platform focused on banking reform. Despite this, the ongoing mystery continues to stir speculation which has been further fueled by the Trump family’s recent history of crypto-related projects.

The Trumps and Their Million-Dollar Crypto Ventures

Over the past few years, the Trump family has become known for capitalizing on media spectacle and leveraging controversy for personal gain. This has resulted in several family-launched projects that, although often short-lived, consistently attract significant attention and investment.

In December 2022, Trump unveiled a non-fungible token (NFT) collection , placing the self-styled pieces on one of the largest marketplaces to trade for cryptocurrencies. The NFTs immediately sold out , collecting 4,442 ETH, around $5.2 million at the time, before dropping drastically in value.

Shortly after, Trump’s wife Melania joined in the trend, unveiling a three-piece NFT collection she called the “Head of State Collection.” The family’s NFT venture did not stop there however, as Trump soon emerged with other collection months later, including one “Mugshot Edition” based on his viral mugshot picture in December 2023. 

Trump also recently unveiled a Bitcoin sneaker brand , featuring a collection of limited edition shoes. With “Trump Crypto President” printed on the surface, the shoes go for up to $499, with the presidential candidate accepting payments in BTC and other crypto assets.

On the Flipside

• Community members have often condemned promotions by the Trumps as exploitative.
• Donald Trump’s winning odds on Polymarket bets recently took a dive as Kamala Harris surpassed him by 6%.
• Donald Trump was once a vocal antagonist of the crypto industry who severely criticized the asset class during his single term as President of the United States.

Why This Matters

The launch of the Telegram channel by Trump’s sons adds to the ongoing speculation about their crypto project. However, the apparent naivety of the brothers introduces a degree of uncertainty, highlighting the need for them to gain comprehensive knowledge of the asset class to avoid potential financial pitfalls.

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