TRUMP Coin Jumps: Eric Trump Unveils Strong Strategy with WLFI!

TRUMP Coin Jumps: Eric Trump Unveils Strong Strategy with WLFI!

Eric Trump announced significant news for the cryptocurrency market today, which resulted in an increase in the price of the TRUMP coin. World Liberty Financial (WLFI) will acquire a significant stake in the TRUMP meme coin, a decision that was officially announced on June 6th. This move is not only considered a strategic milestone for WLFI, but also strengthens the company's overall strategy in the digital assets space.

Following this announcement, the price of the TRUMP coin rose by 8% to over $10, reaching $10.46 at one point before falling slightly. The coin's market capitalization stands at an impressive $2.9 billion. Despite the positive reaction, the overall market reaction to the purchase remained somewhat muted, causing surprise in the cryptocurrency industry.

About the TRUMP coin and WLFI

The Trump family views the TRUMP coin, launched in January 2025, as a central part of its Web3 expansion. In a statement, Eric Trump emphasized the importance of a long-term cryptocurrency adoption strategy. WLFI, which Eric co-leads with Donald Trump Jr., plans to integrate the TRUMP meme coin into the company's treasury strategy and intends to further expand the coin.

A previous wallet project launched in collaboration with Magic Eden and other companies was canceled following a legal dispute between WLFI and the wallet creators. This led to the Trump family distancing themselves from the product that was initially touted as official and issuing a cease and desist statement to protect their brand integrity.

Current developments and market analyses

The announcement of Eric's involvement in the TRUMP Coin coincided with a private event in Virginia attended by over 200 major TRUMP Coin holders. Eric Trump expressed optimism about the crypto markets and participated in discussions with industry leaders such as TRON founder Justin Sun. Richard Witkoff, co-founder of WLFI, also confirmed the strategic alliance between WLFI and the TRUMP Coin project.

In addition to being invested in the TRUMP coin, WLFI is also working on numerous other blockchain projects, including a Trump NFT collection and a new stablecoin called USD1. These moves demonstrate the company's commitment to further strengthen and expand its position in the digital assets market.

The developments surrounding the TRUMP coin and the Trump family's economic involvement in the crypto world raise questions about the link between politics and digital assets. With the focus on the digital future, the relationship between the Trump family and the cryptocurrency industry continues to be critically watched.

For more information on these developments that contribute to the dynamics of the market, the reports can be found on The Market Periodical as well as Coin Gabbar can be viewed.