Ki Young Ju, the CEO of CryptoQuant, indicates that former U.S. President Donald Trump may face significant challenges in his pursuit of becoming a Web3 entrepreneur. In a statement made on October 13 on the X platform, Ju criticized Trump’s upcoming projects, highlighting that Trump plans to launch the public sale of his altcoin, WLFI, on October 15, with details to be announced during a live broadcast on October 14.
Challenges Awaiting Trump as a Web3 Stakeholder
Ju emphasizes that for Trump to succeed in the Web3 space, he must undergo rigorous scrutiny, similar to that faced by blockchain detective ZachXBT. He noted that Trump not only needs to develop the project but also must actively engage his social media audience through bold and sometimes narcissistic tweets. Ju added that defending the price of the altcoin is essential with such a strategy.
Another challenge for Trump will be negotiating with cryptocurrency exchanges to secure listing for his altcoin. Ju pointed out that ensuring the security of wallets and smart contracts is equally crucial.
Addressing Global Risks and the Need for Strong Narratives
Ju asserts that Trump cannot sustain his project solely by defending its price; he must continually provide comprehensive use cases and compelling narratives for success. Additionally, he warned that the risk of failure in the Web3 world is high, and Trump could face being labeled a “fraud” on a global scale until recoveries occur after downturns.
Ju’s comments regarding Trump’s WLFI coin come at a time when curiosity is rising in both the cryptocurrency realm and political circles. The live broadcast on October 14 and the public sale on October 15 are seen as pivotal steps that will determine Trump’s fate in the cryptocurrency world.
