TRUMP memecoin ‘hasn’t pumped’ after Eric Trump says WLF will buy big stack
Eric Trump announced that World Liberty Financial (WLF) plans to acquire a substantial amount of the Official Trump memecoin, $TRUMP, following his endorsement. The announcement led to a 6.40% price increase for the token, which is currently valued at $2.03 billion and ranks as the 45th largest cryptocurrency. Some crypto commentators expressed skepticism about the limited price impact of the news. Recently, top holders of the memecoin met at a dinner event at Trump's golf course. Eric Trump also dismissed the launch of the Official Trump Wallet, stating it was unauthorized and warning against its association with Magic Eden. Donald Trump Jr. mentioned that the family’s crypto platform would soon launch an official wallet. Eric Trump has emphasized a pro-crypto stance, noting a global interest in Bitcoin.
