For the past weeks, I’ve been seeing a few takes on X and I can’t lie, I can’t decide if this is another Trump hustle or an actual DeFi play we’re all underestimating.

I mean, the Trump family is said to control a massive chunk of the token supply directly. Like… imagine a “decentralized” protocol where the governance is basically MAGA-coded from day one. Doesn’t that just sound like a ticking time bomb? Yet here we are, crypto eats controversy for breakfast and somehow still pumps.

Then again, the idea of a US-first DeFi protocol backed by someone who has deep political ties (and polarizing influence) could either blow up in a good way or go down in flames. The USD1 stablecoin angle? Still vaporware from what I’ve gathered. Aave V3 integration? No concrete delivery.

But part of me thinks the market doesn’t even care about fundamentals with this one. It’s like Trump slapped his name on a governance token and suddenly that’s enough for speculators to jump in. You think this is a good play ?