BEARISH 📉 : Bollinger says administration-driven capital drain pressures Bitcoin, XRP, broader crypto
John Bollinger called for “relief” in crypto, saying the “current administration” has been “sucking capital out of the crypto space.” He posted on X on April 21 and tagged BTC, ETH, LTC and XRP on X.
He cited no dataset or specific policy. Context tied the remark to President Donald Trump’s orbit and its crypto ventures via NewsBTC.
TRUMP memecoin activity stood out. Entities behind the token accrued nearly $100 million in trading fees in under two weeks after launch, while 80% of supply sat with CIC Digital and a related entity via NewsBTC.
World Liberty Financial drew even more capital. The project raised over $550 million through WLFI token sales. The Trump family took a 60% equity stake, rights to 75% of net token-sale revenue and 60% of operating revenue. About 5% of funds were left to build the platform. New sales still route 75% of proceeds to the family. The team proposed tighter lockups for early investors and now faces a lawsuit by TRON founder Justin Sun via NewsBTC (TRON).
Bollinger asked the market to quantify the drain: “Perhaps one of you can figure out how much capital they have removed from the space and make an estimate of the impact.” He closed with, “Be nice to get back to business!” on X.
