- Eric Trump confirms acquisition of TRUMP Coin by WLFI.
- Event caused short-lived 6.4% price surge.
- Skepticism remains over lasting market impact.
Eric Trump announced on June 6, 2025, that World Liberty Financial, linked to the Trump family, will acquire a significant stake in the TRUMP Coin cryptocurrency.
The announcement signifies a strategic alignment between Trump entities, with World Liberty Financial acquiring a substantial position in the memecoin. The market reacted swiftly, reflecting broader interest and implications for crypto investments.
Eric Trump, a central figure in the announcement, emphasized the strategic alignment between TRUMP Coin and World Liberty Financial. The acquisition represents part of a larger vision to integrate patriotism and financial success within cryptocurrency endeavors for WLFI.
“We’re proud to announce that World Liberty Financial plans to acquire a substantial position in $TRUMP for their Long-Term Treasury.” — Eric Trump, Son of the US President, World Liberty Financial
The immediate market reaction included a 6.4% surge in TRUMP Coin’s value before stabilization. The coin is now a significant component of WLFI’s portfolio, aiming to bolster institutional credibility. The plan indicates a shift toward long-term investment strategies.
High concentration of TRUMP Coin among Trump-linked entities suggests potential coordinated strategies. Observers note a potential for further market movements and implications. The decision underscores Trump’s strategic positioning with broader financial and political ramifications. For further insights, see the latest updates on CryptoSlate.
Market observers are treating the situation with caution, noting the historical volatility of memecoins.
The long-term stability of TRUMP Coin amid political affiliations and its actual market impact remain to be seen as regulations evolve.
