Trump Sons Tease Upcoming DeFi Project, Crypto Community in a Frenzy

The cryptocurrency community is in a frenzy after two of Donald Trump's children hinted at an upcoming decentralized finance (DeFi) project that will shake the industry.

Donald Trump Jr. and Eric Trump have hinted at an upcoming decentralized finance (DeFi) project, sparking speculation and excitement within the cryptocurrency community.

In a recent post on Truth Social, Donald Trump Jr. wrote, "We're about to shake up the crypto world with something huge. Decentralized finance is the future—don’t get left behind."

Meanwhile, Eric Trump shared a post on Twitter, stating, "I have truly fallen in love with Crypto / DeFi. Stay tuned for a big announcement… @Trump @realDonaldTrump @DonaldJTrumpJr."

These posts come about two weeks after their father, former U.S. President Donald Trump, spoke at the Bitcoin 2024 conference in Nashville, where he expressed support for the Bitcoin community and the broader crypto space.

However, Donald Trump Jr. and Eric Trump did not mention whether their father is involved in the upcoming DeFi project.

Several cryptocurrency figures have offered their guesses on what the Trump brothers' DeFi project might entail.

Pierre Rochard of Bitcoin mining giant Riot Platforms asked, "Is it open source grants for MuSig2 development?"

Well-followed @WSBChairman suggested that it could be a new Trump layer 1 blockchain on the Avalanche ($AVAX) network.

A new Trump L1 on @avax calling it now

Popular Satoshi Club believes it's another layer 2 chain on Ethereum.

He’ll launch another L2 on Ethereum

While there were a few other suggestions about what the Trump sons could be cooking up, a host of the commenters – mostly crypto users – agreed on one thing: it shouldn't be another memecoin or token.

We don't need another token.

Dear God, if this is just a token or an NFT, it's a scam. Hoping for the best, but remember this tweet!

Stop shitcoining Eric.#bitcoin only

If this is a coin, it will be a rug

Also interesting that millions in liquidity was pulled from DJT coin yesterday and you announce this now

You are doing your father's name (in election season!) and the crypto industry a disservice

Are you really that broke?

In mid-June, rumors emerged that $DJT, a Solana memecoin, was Trump's official token, sending the PolitiFi token into a 400% surge. Neither Trump nor his campaign confirmed or denied the rumor publicly. There were also rumors that the GOP candidate's youngest son, Barron, was involved in the token's launch.

Just a day later, multiple crypto figures said they confirmed with sources close to the ex-president that neither Trump nor Barron were involved in any way in the "scam token."

Prominent crypto sleuth ZachXBT soon revealed that Martin Shkreli, infamously known as "Pharma Bro," claimed in a direct message with investor Andrew Tate that he created the $DJT memecoin.

The said token slumped by over 62% over the news.

Bitcoin only

Many Bitcoiners, including Cleanspark executive chairman Matthew Schultz, took to the comments section of brothers, advising them that they should only focus on projects related to Bitcoin, the world's largest digital asset by market cap.

Bitcoin. Just bitcoin.

Eric, 99% of "Crypto" is a scam. #Bitcoin is the only legitimate "Crypto", please understand this.

You're not going to shake up anything. You're going to ? coin and bring shame upon your family name. Please don't. Just stick with bitcoin. There's nothing you can do to improve it.

Further details regarding the Trump brothers' new crypto project are expected to be revealed in the coming days or weeks.

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