Trump coin tanks🚨

What we’ll cover today:

🔥 WLFI coin crashes 30% and investors head for the exits

💸 Altcoins like ETH and SOL outshine Bitcoin as Fed rate cuts loom

🚀 Galaxy Digital tokenizes its stock on Solana, bringing Wall Street onchain

Trump’s WLFI Coin in Trouble? 📉

World Liberty Financial (WLFI), Trump’s new meme coin, is crashing. Early investors are cashing out, and confidence is fading fast.

🚨Breaking News: WLFI dropped 30% from launch highs, wiping billions. Market cap slid from $7.7B to $5.5B in days.

⚡Wire Simplified

• New coins often crash after airdrops (just like Wormhole and ZKsync did).

• Insiders sell fast since there is no lockup.

• Trump-linked assets do not have the best track record.

• WLFI formed a bearish flag, hinting more downside.

• A small rebound may come, but likely a “dead-cat bounce.”

✔️Straight to the Point
WLFI is sinking as hype fades and selling pressure grows. Expect more pain before any real recovery.

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Altcoins Steal Bitcoin’s Thunder 💸

Binance Research shows altcoins like Ethereum and Solana are rising as Bitcoin’s dominance weakens and Fed rate cuts hype builds.

🚨Breaking News: Bitcoin dominance fell to 57%. ETH soared 18.6% and SOL jumped 15.5% while BTC dropped 8% in August.

⚡Wire Simplified

• Altcoins beat Bitcoin in August performance.

• ETH demand rose with ETF inflows and treasury buys.

• SOL gained from big upgrades and institutional interest.

• Fed rate cut expectations boosted risk-on sentiment.

• BTC may not benefit directly, market rotation is clear.

✔️Straight to the Point
Altcoins are partying while Bitcoin sulks. If Fed cuts arrive, expect ETH and SOL to keep leading the charge.

Galaxy Digital Puts Shares Onchain 🚀

Mike Novogratz’s Galaxy Digital just became the first Nasdaq-listed company to tokenize its own shares with Superstate’s Opening Bell.

🚨Breaking News: Galaxy shares can now be held and traded on Solana, with real shareholder rights like dividends and voting attached.

⚡Wire Simplified

• First company to tokenize its own stock, not via third parties.

• Tokens = real shares, with rights included.

• Tradable 24/7 on Solana, near-instant settlement.

• Solana chosen for speed (despite its outages).

• A big step toward merging Wall Street and DeFi.

✔️Straight to the Point
Galaxy Digital is turning its stock into tokens. This could reshape how markets trade, merging TradFi with crypto rails.