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Trump's Token is Torching, CleanCore's and DOGE Drama that’s happening this week

From political burn parties to cleaning company pivots, tokenized trading to sustainable NFT schemes – buckle up for another wild ride through web3 wonderland!

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Hey there, PoI readers! 💫

It's your favorite crypto connoisseur, Mochi, back with another serving of tantalizing tech and web3 news. From Trump's token burning theatrics and CleanCore's bizarre Dogecoin pivot to tokenized stocks hitting Ethereum, we've got a lot to unpack. So, buckle up and get ready for a wild ride through the wonderland of digital assets!

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INTEL BRIEF

🟧 Trump's World Liberty Financial project burned 47 million WLFI tokens to combat a 31% price decline since its public trading debut on Monday.

🟧 CleanCore Solutions pivoted from cleaning systems to a Dogecoin treasury company with $175M funding, causing its stock to plummet 60% as investors questioned the bizarre business transformation.

🟧 XStocks launched 60 tokenized stocks including Nvidia and Tesla on Ethereum, expanding blockchain-based equity trading despite ongoing regulatory pushback and legal uncertainties.

🟧 Rarible launched a redesigned platform with a fee redistribution model that funnels transaction fees into trader rewards, claiming sustainability over previous NFT marketplace token farming schemes.

Trump's World Liberty Burns 47M Tokens as Price Drops

World Liberty Financial (WLFI) just pulled the classic "when in doubt, burn it out" move by torching 47 million tokens faster than you can say "Make Crypto Great Again."

The drama started when WLFI finally let the public get their hands on the token this Monday. Things looked promising at first – the token briefly kissed $0.331 like it was running for office. But then reality hit harder than a fact-checker, and the price has been sliding downhill faster than approval ratings, dropping 31% from its peak and landing at a humble 23 cents.

The burn happened Wednesday, and it's like throwing a teaspoon of water on a house fire – the 47 million burned tokens represent just 0.19% of the circulating supply. With about 24.66 billion tokens already floating around (that's roughly 25% of the original 100 billion), this burn is more symbolic than substantial.

But hey, the project isn't giving up! They've proposed a buyback and burn program using protocol fees, claiming it'll help "committed long-term holders" while giving the boot to fair-weather token friends. The community seems to be buying it – 133 respondents are mostly cheering from the sidelines.

Meanwhile, industry experts are serving some reality checks. Kevin Rusher from RAAC is basically saying celebrity tokens are the crypto equivalent of reality TV – entertaining but not exactly building the financial system of the future. And Galxe's marketing chief pointed out that the launch sent Ethereum gas fees to the moon (not in a good way), proving we're still not ready for prime time.

World Liberty Financial burned 47M tokens (0.19% of supply) after 31% price drop since Monday launch
Token briefly hit $0.331 but now trades around $0.23 despite burn efforts
Industry experts warn celebrity tokens damage crypto credibility and expose infrastructure limitations

CleanCore Stock Crashes 60% After Dogecoin Pivot

CleanCore Solutions, a humble Nebraska company that makes aqueous ozone cleaning systems (fancy soap, basically), just announced they're ditching the suds for Dogecoin treasury strategy – and investors are NOT having it.

The market's reaction was about as gentle as a pressure washer to the face. CleanCore's stock nosedived over 60% faster than you can say "much wow," tumbling from $6.86 to $2.69 in what can only be described as a financial face-plant of epic proportions.

ZONE's intraday performance on Tuesday. Source: Yahoo Finance

But wait, it gets spicier! The company secured a $175 million private placement backed by big names like Pantera, GSR, and FalconX. Leading this crypto crusade is newly appointed board chairman Alex Spiro – yes, that's Elon Musk's longtime attorney. Because apparently, when you want to go full DOGE, you call in the Musk whisperer himself.

The transformation is getting some serious Dogecoin Foundation backing, with Timothy Stebbing joining the board and Marco Margiotta becoming CIO. They're promising to explore "staking-like yield opportunities" and institutional investment products, which sounds fancy until you remember we're talking about meme coin treasuries.

Here's the kicker: this "DOGE treasury" trend is spreading like a cleaning product spill! Spirit Blockchain Capital, Dogecoin Cash Inc., and Bit Origin have all jumped on this bandwagon in 2025. The results? About as successful as using a feather duster in a hurricane – these companies are down 64-88% year-to-date, while DOGE itself has dropped 33%.

CleanCore pivoted from cleaning systems to $175M Dogecoin treasury, stock crashed 60% immediately
Elon Musk's attorney Alex Spiro leads the initiative with Dogecoin Foundation partnerships
Other "DOGE treasury" companies in 2025 have lost 64-88% while DOGE itself dropped 33%

XStocks Launches Tesla and Nvidia Trading on Ethereum

This isn't XStocks' first rodeo though. The platform, backed by Backed Finance (yes, that's really their name), has been making the rounds on Solana, BNB Chain, and Tron before finally settling into Ethereum's $90.8 billion DeFi ecosystem. Why Ethereum? Well, as a Kraken rep put it, they're building "to meet users where they already are" – which is apparently knee-deep in smart contracts and gas fees.

Tokenized stock metrics. Source: RWA.xyz

The timing couldn't be more interesting. Gemini launched tokenized stock trading on Ethereum back in June, and word on the street is that eToro is eyeing the same move. It's like everyone suddenly realized you can put traditional stocks on blockchain – who would've thought?

But hold your diamond hands for a second – this whole tokenized stock thing is walking through a legal minefield. Critics point out that owning a tokenized Tesla stock doesn't give you the same rights as holding the real deal. No voting rights, no direct company claims, just a blockchain IOU that hopes to track the price.

Regulators aren't exactly throwing confetti either. The SEC and other watchdogs are reportedly tightening their grip on this space faster than you can say "compliance nightmare." Yet companies like Robinhood are still launching blockchain platforms for European tokenized trading, because apparently the show must go on.

The numbers tell an interesting story: tokenized stocks currently sit at $342 million market cap, which is barely 1.2% of the entire $27.9 billion tokenized RWA market. It's like being the smallest fish in an already niche pond!

XStocks launched 60 tokenized stocks on Ethereum, joining Gemini and potentially eToro in blockchain equity trading
Platform operates in legal gray area without traditional stock rights like voting or direct company claims
Tokenized stocks represent only $342M (1.2%) of the $27.9B tokenized real-world asset market

Rarible Redirects All Trading Fees Back to Users

The platform launched a redesigned trading experience on Tuesday with a twist that would make Robin Hood jealous: they're taking all transaction fees and giving them right back to active traders.

Anna Riabokon from the RARI Foundation isn't mincing words about the competition. She's basically calling out the entire NFT marketplace ecosystem for running unsustainable ponzi schemes disguised as reward programs. "Previous designs were not sustainable," she told us, pointing out how platforms would shower traders with tokens until their fixed allocations dried up faster than enthusiasm for profile picture collections.

Remember Blur's 2023 dominance? They used a points-based system that had traders farming airdrops like it was harvest season, but it also turned the market into a wash trading carnival. Users were buying and selling the same NFTs back and forth like some sort of digital hot potato game, all to maximize those sweet, sweet airdrop rewards.

LooksRare tried similar shenanigans with token distributions, briefly pumping volumes before the whole thing collapsed faster than the Terra ecosystem. Once the token rewards lost their sparkle, so did the trading activity.

But Rarible thinks they've cracked the code with actual revenue generation. Unlike their competitors who relied on token inflation, Rarible is sitting pretty with licensing deals from brands like Mattel and McFarlane Toys, plus over 40 other partners. It's like having a real business model – imagine that!

The new system creates what Riabokon calls a "fee-free" marketplace where all transaction fees get redirected back to traders through buybacks. They're promising full transparency with onchain tracking, leaderboards, and regular reports because apparently, accountability is the new black in NFT land.

Rarible redirects all transaction fees to trader rewards instead of relying on fixed token allocations like failed competitors
Platform generates sustainable revenue through 40+ brand licensing partnerships including Mattel and McFarlane Toys
Previous marketplace reward systems like Blur and LooksRare collapsed due to wash trading and unsustainable token emissions

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And that's a wrap, my lovely PoI readers! I hope this edition left you feeling informed, entertained, and maybe even a little bit richer (in knowledge, of course). From political tokens going up in flames to cleaning companies chasing meme coins, today's crypto world served up more plot twists than a Netflix series! Remember to stay curious, stay informed, and keep spreading the love. Until next time, this is Mochi, signing off with a virtual high-five!

P.S. Don't forget to share your thoughts, questions, and favorite crypto puns with us. very voice matters in the PoI community! 📣❤️ Share the newsletter

🍨📰 Catch you in the next issue! 📰🍨

Intel Drop #280

Disclaimer: The insights we share here at Proof of Intel (PoI) are all about stoking your tech curiosity, not steering your wallet. So, please don't take anything we say as financial advice. For all money matters, consult with a certified professional. -