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The Crypto Assets sector has once again become the focus of public attention, this time due to the dramatic shift in the relationship between the Trump family and the renowned Blockchain entrepreneur Sun Yuchen.
Eric Trump, the second son of Trump, has recently taken a series of eye-catching actions. He not only deleted all photos with Sun Yuchen but also unfollowed him on his social media accounts. This move is widely interpreted in the market as the end of their cooperative relationship, triggering a strong reaction in the Crypto Assets circle.
Even more shocking is that institutions linked to the Trump family subsequently froze two of Sun Yuchen's main wallets, which included approximately 1.42 billion WLFI tokens valued at around 3.5 billion yuan. This action undoubtedly had a significant impact on Sun Yuchen's asset allocation.
Interestingly, just 48 hours ago, the two were being intimate at a dinner in Miami, frequently raising their glasses in celebration. Eric had publicly praised Sun Yuchen as an important partner, and this statement had attracted many investors to purchase WLFI tokens.
However, the market situation is changing rapidly. The price of WLFI tokens first dropped by 16%, and then experienced a series of blows with "delete photo - unfollow - freeze", causing the Crypto Assets market to plunge into turmoil once again.
There are various opinions in the industry regarding the reasons behind the Trump family's sudden hard stance. Rumors suggest that Sun Yuchen has been accused of privately dumping a large amount of WLFI tokens and engaging in market manipulation, severely harming the interests of partners. Another perspective is that the Trump family might be considering this as a way to avoid certain risks.
Regardless, this event once again highlights the high uncertainty and risks of the crypto assets market, and it serves as a wake-up call for investors, reminding them to remain cautious and rational when making related investments.