Eric Trump, son of the US President, announced that the Crypto Platform World Liberty Financial (WLF) supported by the Trump family is planning to accumulate a big amount of the official Trump-Memecoin after his confirmation of the token.
Some users within the crypto community were surprised that the official Trump (Trump) didn’t discover a stronger price response.
“I’m proud to announce that the $ Trump Meme Coin matches @worldlibertyfi,” said Trump in a post on June sixth.
Eric Trump says that WLF records the “considerable amount” to accumulate
“We are proud to announce that World Liberty Financial plans to accumulate a big position in $ Trump in your long -term treasury,” he said. Minutes after Trump released the X Post, in line with CoinmarketCAP data, the worth of official Trump rose by 6.40%on the time of publication before it retreated to USD 10.10. It is classed as a forty fifth largest cryptocurrency after market capitalization, which currently has a worth of two.03 billion US dollars.
The official Trump has dropped by 8.65% up to now 30 days. Source: Coinmarketcap
Some crypto commentators were skeptical that the news didn’t achieve a stronger price increase. The crypto commentator Pluid said in a post on June sixth: “The coin didn’t pump this news – not a great sign in any respect.”
It only comes a couple of weeks after the highest 220 owners of Trump's Memecoin met on May 23 on the golf course of the President in Virginia for an exclusive dinner and an alleged meet-and-greet.
Eric Trump closes Trump Memecoin wallet
Trump also released the official start of the Trump letter bag after the controversy in the beginning of this month. “Although your Meme letter bag doesn’t progress, proceed to focus on constructing essentially the most exciting meme on earth – $ Trump,” he said.
The controversy began on June 3, when the non-mixable token Marketplace Magic Eden and the team behind the president's Memecoin, official Trump, said that they combined with the beginning “The Official $ Trump Wallet”.
Eric Trump replied on the time and explained that the wallet was “not approved by Trump” and Magic Eden warned “our name in an unauthorized project that was not approved and shouldn’t be known to everyone in our organization”.
Donald Trump Jr. later made it clear that the family's crypto platform “will soon start our official wallet”.
Eric Trump, who is thought for his pro-crypto posture, also spoke on May fifteenth on the Consensus Conference in Toronto and said that families of families are attempting to “hoard Bitcoin in the intervening time”.
