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This partnership could be transformative for Trump’s crypto endeavors. Given Binance's influence—especially considering its current promotion of zero-fee trading—many believe this alliance could bolster the liquidity and stability of World Liberty Financial. However, there are underlying concerns regarding the ethical implications of Trump's deregulation strategies coupled with this potential partnership.
The Meme Coin Implosion: A Cautionary Tale
While the hopes for World Liberty Financial are mounting, Trump’s associated meme coin, simply named "Trump," is reeling from a significant downturn. Initially launched with enormous hype, the coin reached a staggering market cap of $14.5 billion, only to plummet by 50% by inauguration day.