"Coins Also Follow America First"...Investors Looking for 'Trump-Benefiting US Coins'

Trump's "America First" policy is causing a stir in the cryptocurrency market.

Original author: Doohyun Hwang, "Coins Also Follow America First' ... Investors Looking for 'Trump-Benefiting US Coins'"

Key Points

Trump's "America First" policy is causing a stir in the cryptocurrency market.

With Trump announcing that he is considering including U.S.-based cryptocurrencies in the national strategic reserve, investors are racing to bet on "American coins" that could benefit from Trump's support.

Among the projects being discussed are Ondo Finance (ONDO), Movement (MOVE), and Story (IP).

The Trump administration's "America First" policy is heating up the cryptocurrency market as it pivots towards supporting local U.S. projects. Among them, Ondo Finance, a leader in the field of real-world asset (RWA) tokenization, is seen as one of the projects most likely to benefit. This is not only because of the rapid development of the RWA track but also because it has received direct support from the Trump family.

World Liberty Financial (WLFI), a decentralized finance (DeFi) project run by the Trump family, recently purchased a total of $715,000 worth of Ondo Finance tokens ONDO through two transactions. In addition, Donald Trump Jr. also attended the "Ondo Summit" hosted by Ondo Finance as a guest speaker on the 6th of last month, further confirming the direct connection between the two parties.

Moreover, the formal cooperation between Ondo Finance and WLFI is also progressing. Ian de Bode, Chief Strategy Officer (CSO) of Ondo Finance, revealed in an interview that "WLFI is considering incorporating Ondo's tokenized assets, such as the US Dollar Yield Token (USDY) and short-term US Treasury bonds (OUSG), into financial reserve assets."

With the disclosure of Ondo Finance's relationship with the Trump family, the market's interest in ONDO has surged. As of the 6th, the trading price of ONDO rose by 19% from the previous day and 12.8% from the previous week to reach US$1.18.

Another "Trump concept coin" project that is popular in the market is Movement, headquartered in California. In January of this year, WLFI spent $2 million to purchase MOVE tokens and became one of its top ten holders.

Even more explosively, Movement is providing blockchain technology advice to the Trump administration's Government Effectiveness Department (DOGE), which has caused the market to speculate about its relationship with the government.

After the news came out, the MOVE token rose rapidly in January, soaring from $0.6 to $0.89 in just a few days, an increase of 33%. Although it has since fallen back and fell below $0.4, with the implementation of Trump's latest "American Currency" policy, MOVE quickly rebounded by 19%. As of the 6th, the price of MOVE has risen by 11% from the previous day and successfully re-entered the $0.4 mark.

Story, a U.S. blockchain project, has been led by top U.S. venture capital firm Andreessen Horowitz (a16z) for three consecutive rounds and is considered by the market to be one of the projects most likely to receive policy dividends. As former a16z executives enter key positions in the Trump administration, market expectations for Story to receive direct policy support are also heating up.

Many key officials in the Trump administration were once core figures of a16z. For example, Sriram Krishnan, former head of a16z UK crypto investment, has been appointed as the senior policy advisor for AI in the White House Office of Science and Technology Policy; Brian Quintenz, former head of a16z global crypto policy, has been nominated as the chairman of the CFTC (U.S. Commodity Futures Trading Commission). In addition, a16z co-founder Mark Andreessen was also invited to attend the White House "Cryptocurrency Summit", further strengthening a16z's influence at the government level.

Affected by this, the price of Story Token IP rose strongly. After Trump announced that he was considering including US dollars in the strategic reserve, the IP token soared from US$5 to US$6.9 on the 2nd, becoming one of the "Trump concept coins" that the market paid attention to.

The market is cautious about policy dividends, and experts warn against blind betting

Although the market is generally optimistic about "Trump concept coins", industry experts remind investors that there is still policy uncertainty and betting on specific cryptocurrencies too early may face risks.

Seok-moon Jung, director of the Presto Research Center, believes that “the cryptocurrency industry is lobbying the Trump administration to include U.S.-based projects in the ‘America First’ strategy.” He said, “Given the policy orientation of the Trump administration, this proposition may be