Signs of What Trump Might Do For Crypto – Part 1

By Altcoin Buzz
2 days ago
AAVE TEL BTC $DTJR GT

Donald Trump’s second term is approaching, and the crypto world is buzzing with speculation. With his inauguration set for January 20th, crypto industry insiders are preparing for potential policy shifts that could reshape the landscape. 

Trump’s campaign heavily embraced Bitcoin and NFTs, and his support has ignited optimism across the market. As a result, altcoins and crypto whales have reacted strongly to the buzz ahead of the inauguration.

Why’s Crypto Excited About the Inauguration?

Recall that Trump historically appeared at the Bitcoin Conference in 2024 and made a purchase using Bitcoin.

So, Trump’s actions reflect his interest in strengthening ties with the crypto industry. It has also secured the support of high-profile crypto executives. To celebrate Trump’s upcoming inauguration, crypto executives hosted a luxury crypto event called “crypto ball“. Some of the attendees were Soulja Boy, Snoop Dogg, and representatives from crypto exchanges Kraken and Crypto.com.

In an unexpected twist, Trump launched a meme coin just days ago. The coin was an instant hit, climbing to a $15 billion market cap. The meme coin has sparked conversations about Trump’s interest in the crypto market and how this will signal a shift toward greater integration of digital assets into the broader economy.

Altcoins See Massive Upticks

Ahead of Trump’s inauguration, several projects have seen a surge in whale transactions. These increases could signal anticipation of favorable policies:

  1. $DAI (on BNB): +800%
  2. Dexe Network ($DEXE): +250%
  3. LayerZero ($ZRO on Optimism): +200%
  4. Aave ($AAVE on Polygon): +200%
  5. MakerDAO ($DAI on Arbitrum): +182%
  6. Telcoin ($TEL): +100%
  7. GateToken ($GT): +100%
  8. Ripple ($XRP): +81%
  9. $DAI (on Polygon): +182%
  10. Ondo Finance ($ONDO): +59%

These spikes could reflect growing optimism around Trump’s pro-crypto promises. For example, MakerDAO’s significant uptick across multiple chains highlights the increasing interest in decentralized stablecoins. Similarly, LayerZero’s growth in Optimism showcases the expanding role of interoperability solutions in the market.

Conclusions

The rise in crypto whale activity indicates that institutional investors may be positioning themselves for long-term gains, anticipating a friendlier regulatory environment under Trump.

Most altcoins are currently surging, and there’s been notable inflow across retail and institutional markets. Some experts believe hours after the inauguration could be important for the crypto market. Prices could surge or tumble depending on the president’s first actions. In our next article, we’ll highlight what Trump could do for crypto after his inauguration.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence.

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