- WLFI acquires a substantial stake in the $TRUMP coin, advancing the Trump family’s crypto ambitions.
- $TRUMP token’s market cap nears $2 billion with daily volume around $796 million, rising 5%.
- About 80% of $TRUMP supply is controlled by Trump-linked entities Fight Fight Fight and CIC Digital.
Eric Trump has officially revealed that World Liberty Financial (WLFI) will acquire a substantial stake in the $TRUMP meme coin, marking a significant step in the Trump family’s digital asset ambitions. This follows the abandonment of a Trump-branded crypto wallet after internal disagreements and strategic realignment.
The announcement, shared on X by Eric Trump, confirms a strong strategic partnership between WLFI and the $TRUMP token. WLFI, a decentralized finance platform affiliated with the Trump family, will integrate the meme coin into its treasury strategy to enhance long-term investment returns in the growing digital asset ecosystem.
Trump emphasized WLFI’s belief in crypto innovation, patriotism, and sustainable growth. While the Trump-themed meme wallet has been discontinued, Eric Trump confirmed that WLFI would concentrate on expanding and supporting the $TRUMP token, reinforcing the family’s continued interest in blockchain since launching Trump NFTs in 2022.
WLFI’s $TRUMP Investment Boosts DeFi Influence
WLFI’s investment in $TRUMP is poised to elevate its influence in the DeFi space, especially with a cryptocurrency that mirrors Donald Trump’s political brand. The move is seen as a calculated effort to deepen the Trump family’s crypto involvement and foster greater exposure to tokenized political engagement.
The announcement is expected to negatively affect Magic Eden (ME) in the midterm, despite its earlier surge from the rumored Trump meme wallet partnership. ME’s price has already erased all post-announcement gains, trading around $0.8435 during the late North American session on Friday, June 7.
Meanwhile, $TRUMP, a memecoin with a market cap near $2 billion and a daily volume close to $796 million, is gaining traction. Backed by increased bullish momentum, the token rose approximately 5% in 24 hours, hovering near $10, buoyed by WLFI’s high-profile endorsement and investment strategy.
Eric Trump Confirms WLFI $TRUMP Token Acquisition
WLFI is planning to purchase a significant number of $TRUMP tokens, Eric Trump reports, marking a shift from rivalry to collaboration with the coin’s original backers. This new coherence is the basis of the new move to the global crypto market with even more energy and assures that the token’s image in the future will not be damaged.
According to information from CoinMarketCap, the data shows that approximately 80% of the total $TRUMP amount is currently held by two Trump-related names called, Fight Fight Fight and CIC Digital LLC, CoinMarketCap claims that their assets are doubled up to $2 billion, showing very clearly the rich getting richer and the possibility of coordinated market actions.
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