WLF Plans Big Buy, but $TRUMP Coin Fails to Surge

  • The crypto commentators were shocked as the announcement didn’t push the price to a stronger position.
  • A crypto commentator posted on X on June 6 that the coin has not risen on this news- it’s not a good sign at all

The son of Donald Trump, Eric Trump, revealed that World Liberty Financial, a decentralized finance protocol, has a plan to purchase some $TRUMP coin following his promotion of the token

On June 6, Eric posted on X that, “I am proud to publicize that the $TRUMP Meme Coin has lined up with WorldLibertyFi. Also, WLF has plans to purchase a significant portion of $TRUMP for their Long-Term Treasury.”

After the post was published, the price of Official Trump went up by 6.40%, before coming back to $10.42 at the time of writing, as per the data from TradingView. The market cap currently stands at $2.03 billion

The crypto commentators were shocked as the announcement didn’t push the price to a stronger position. Pluid, a crypto commentator, posted on X on June 6 that the coin has not risen on this news- it’s not a good sign at all

The announcement is followed by a recent Gala Dinner hosted by Donald Trump for the top 220 holders of Trump’s memecoin on May 23 at the President’s golf course in Virginia. It was an exclusive dinner and a purported meet-and-greet

$TRUMP Wallet Controversy

Trump also denied the $TRUMP Wallet launch after the controversy at the beginning of this month. Trump stated that their meme wallet is not going forward, as they are aiming to build the most exciting MEME on earth- $TRUMP

On June 3, the controversy was initiated after non-fungible token marketplace Magic Eden and the team behind the Official Trump memecoin, both asserted that they were coming up together to launch the Official $TRUMP Wallet

Eric Trump stated that the wallet isn’t authorized by Trump and warned Magic Eden to be extremely cautious before using Trump’s name in any project that hasn’t been approved and is not known in their organization

Donald Trump Junior further made this clear that the crypto platform of the family will be introducing their official wallet soon

Highlighted Crypto News Today:

Strategy Raises $1B via STRD Stock Offering to Accelerate Bitcoin Purchases

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)