Will TRUMP Meme Coin Recover From 85% Crash With World Liberty Financial Buy Plan?
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Key Notes Despite this, the TRUMP Coin price rose only 6% and daily trading volumes dropped by 37%, reflecting skepticism. Prominent critics labeled it a “joke,” and allegations of insider trading emerged after reports of a financial advisor shorting TRUMP before switching to a long position. The muted market reaction to the announcement has raised doubts among investors, while some question the ethics and transparency of the project. Donald Trump’s family-backed decentralized finance (DeFi) project World Liberty Financial announced a collaboration with TRUMP Coin, with Eric Trump revealing a plan to purchase the Official Trump meme coin. “I am proud to announce the $TRUMP Meme Coin has aligned with World Liberty Financial,” said Eric Trump in his post on the X platform. Additionally, Eric Trump also announced that World Liberty Financial would add a significant amount of TRUMP Coin “for their long-term Treasury”. Following the development, the TRUMP Coin appreciated by a modest 6% without any huge bullish candles, as expected by the crypto community. As of now, the TRUMP coin is trading back above the $10.00 support level. The daily trading volume has dropped by 37% to $604 million. This suggests that today’s upside is unlikely to be sustained moving forward, unless it receives sufficient support from the bulls. Interestingly, the recent announcement from Eric Trump follows an exclusive dinner and reported meet-and-greet held on May 23 at the president’s golf course in Virginia, attended by the top 220 holders of Trump’s memecoin. Back then, the TRUMP Coin price pumped 13% in a day, however, the rally couldn’t sustain much. Investors Share Skepticism for TRUMP Coin and WLFI Collaboration While some experts celebrated the development, others shared their skepticism. The muted market reaction of the TRUMP price to the news has raised eyebrows among crypto commentators, with some questioning…
Filed under: News - @ June 7, 2025 7:27 pm