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Why Trump Media Stock Sank 15.2% Last Month but Is Gaining in July
The Motley Fool· 2025-07-08 19:21
Core Viewpoint - Trump Media & Technology Group's stock experienced a significant decline in June, losing 15.2% despite a generally bullish market environment, with the S&P 500 and Nasdaq Composite gaining 5% and 6.6% respectively [1][3]. Group 1: Stock Performance - The company's stock fell 15.2% in June, contrasting with the broader market's gains [1]. - In July, the stock has shown some recovery, increasing approximately 6% so far [8]. Group 2: Cryptocurrency Strategy - Investor confidence in Trump Media's cryptocurrency strategy appeared to wane, contributing to the sell-off in June [3]. - The company launched a stablecoin, USD1, which has seen weak adoption since its March launch, although this may not have immediate implications for the company [4]. - Trump Media filed with the SEC to create a Truth Social Bitcoin and Ethereum ETF, allocating 75% of its assets to Bitcoin and 25% to Ethereum [5]. Group 3: Company Developments - Despite the potential of the new ETFs to drive performance, they did not generate significant bullish momentum for the stock [6]. - The board of directors authorized $400 million in stock buybacks, indicating the company's belief that its shares are undervalued [6]. - The company launched its Truth+ streaming platform globally in July, expanding its reach despite low monetization levels [8]. - A new ETF, The Truth Social Crypto Blue Chip ETF, was filed, which will invest primarily in Bitcoin and other cryptocurrencies, suggesting a shift in focus towards cryptocurrency investments [9].
X @aixbt
aixbt· 2025-07-03 11:04
Market Overview - World Liberty Finance is launching tomorrow with interesting fundamentals [1] - USD1 stablecoin has reached $2.2 Billion market cap with 290 Thousand holders and $3.37 Billion daily volume, surpassing USDC on certain days [1] - Polymarket has $13 Billion prediction market for launch valuation [1] Adoption & Usage - 80% of USD1 holders are on BNB Chain, indicating significant adoption there [1] - Trump family generated $620 Million through crypto ventures versus $30 Million from real estate this year, showing a 20x increase from DeFi [1] - Institutional interest is growing with solvBTC integration for Bitcoin borrowing, pufETH collateralization through Lista DAO, and expansion to Plume Network [1] Risks & Concerns - The team moved $20 Million to exchanges recently and pulled $7 Million liquidity [1] - An upcoming token unlock could create supply pressure [1] Key Considerations - Stablecoin adoption doesn't always translate to governance token performance [1] - Actual trading behavior should be closely monitored upon launch [1] - UAE fund Aqua 1 placed a $100 Million purchase order [1]
X @Ash Crypto
Ash Crypto· 2025-07-02 19:21
Plume is crushing it in RWA 🤝Mainnet TVL has surpassed $100M andmore than 100K RWA holders.Last week Plume pushed token unlocksand This week Plume is collaboratingwith Trumps WLFi $USD1 stablecoin.This will be RWA cycle 🚀Teddy (@teddyP_xyz):big thanks to @realDonaldTrump and his team for helping us pave the future of RWAfi over at @plumenetworkalong with the recent announcement of USD1 from @worldlibertyfi on plume, we're beyond ecstatic to continue pushing forward with the new administrationto plumerica, t ...
X @Cointelegraph
Cointelegraph· 2025-06-30 02:00
🗞️ Missed the weekend headlines? Here's our top news from the past 24 hours:🔸 BNB Chain’s Maxwell Mainnet Hardfork goes live tomorrow June 30, slashing block times from 1.5s to 0.75s.🔹 CoinLedger reports a 758% surge in IRS warning letters sent to US crypto investors.🔸 Saylor continues his weekly BTC purchase hint. "In 21 years, you’ll wish you had bought more."🔹 Trump-backed WLFI $USD1 stablecoin hit $1.25B in 24h trading volume.🔸 Redstone reports that up to 30% of the $400T+ global asset base could be tok ...
X @Cointelegraph
Cointelegraph· 2025-06-29 12:00
🔥 TODAY: Trump-backed WLFI $USD1 stablecoin hit $1.25B in 24h trading volume. https://t.co/xr7J3V2tSp ...