Trump’s Family Dives into Crypto: BUILDon Token Skyrockets! 🚀💰

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Ah, dear reader! Gather ’round as we delve into the curious case of BUILDon (B), a meme coin that has recently burst forth from the depths of the BNB Smart Chain like a jack-in-the-box, soaring a staggering 500% in the blink of an eye! According to the oracle known as CoinMarketCap, this token now trades at a princely sum of $0.218, having amassed a market cap of over $210 million. Quite the feat for a mere trifle, wouldn’t you say? 🎉

But wait! What could possibly have caused such a meteoric rise? Enter the illustrious World Liberty Financial (WLFI), a crypto venture backed by none other than the Trump family. On the fateful day of May 22, this audacious entity purchased a whopping 636,961 B tokens, parting with a mere 25,011 of their shiny USD1 stablecoins. A small price to pay for a ticket to the moon, I suppose! 🌕

Trump’s World Liberty (@worldlibertyfi) spent 25,011 $USD1 to buy 636,961 $B 4 hours ago.

— Lookonchain (@lookonchain) May 22, 2025

Reports suggest that this acquisition is intended to bolster the BUILDon team, which has recently gained traction after securing a coveted listing on Binance Alpha. Ah, the sweet scent of success wafting through the air! 🌬️

WLFI’s crypto portfolio has been growing faster than a weed in spring! Data from Arkham Intelligence reveals that this firm now boasts a diverse collection of digital treasures worth around $1.09 billion. Among these riches are $21.1 million in Ether, which, if my calculations are correct, is currently valued at $1,845. Not too shabby, eh? 💸

And let us not forget the $18 million in Wrapped Bitcoin, which is currently strutting around at $96,623, and $13.2 million in staked ETH (STETH). A veritable cornucopia of crypto delights! 🍬

Controversies Surround WLFI

However, dear reader, all that glitters is not gold! WLFI finds itself entangled in a web of legal and ethical quandaries. The firm has been under the watchful eye of the law, scrutinized for its connections to individuals with questionable backgrounds, secretive dealings, and, of course, its ties to the Trump administration. Oh, the drama! 🎭

Its recent launch of USD1 and subsequent listing on KuCoin have also raised eyebrows. After all, KuCoin was recently slapped with a $300 million fine for violations of US anti-money laundering laws. Quite the scandal, wouldn’t you agree? 😱

WLFI co-founder Zach Witkoff, in a display of bravado, has dismissed calls from US lawmakers to investigate the firm’s operations. In a letter dated May 15 to Senator Richard Blumenthal, Witkoff’s legal team deemed the inquiry “fundamentally flawed.” How very convenient! 🧐

The letter proclaimed that WLFI is “too busy building” to entertain such trifles as regulatory oversight. A bold stance, indeed!

BUILDon Amid Broader Altcoin Rally

Now, let us turn our gaze to BUILDon, an AI-powered memecoin that fuses the whimsical world of memes with the cold, calculating realm of machine learning. It employs an agent-to-agent (A2A) architecture to automate on-chain data analysis and strategy formulation. Quite the clever contraption, if I do say so! 🤖

The timing of BUILDon’s surge coincides with a renewed sense of optimism in the broader altcoin market. Bitcoin has broken through its previous all-time high, igniting dreams of a robust altcoin season. The excitement is palpable! 🔥

Meanwhile, TOTAL3, which measures the total crypto market cap excluding Bitcoin and Ethereum, continues to rise, signaling that investors are beginning to rotate their capital into altcoins. A wise move, perhaps? 💡

And let us not overlook the memecoin market, which is heating up faster than a pot of borscht on a cold winter’s day! Over the past 24 hours, the market cap of memecoins has jumped by 8.7%, reaching a staggering $75.18 billion. Truly, we live in remarkable times! 🥳

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2025-05-22 15:26