The price of Official Trump coin briefly spiked 6% before pulling back, following Eric Trump saying the team “remain focused on building the most exciting MEME on earth.”
Eric Trump, son of the US President, announced that Trump family-backed crypto platform World Liberty Financial (WLF) plans to acquire a significant amount of the Official Trump memecoin following his endorsement of the token.
“I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi,” Trump said in a June 6 X post.
“We’re proud to announce that World Liberty Financial plans to acquire a substantial position in $TRUMP for their Long-Term Treasury,” he said. Minutes after Trump published the X post, Official Trump’s price jumped 6.40%, before retracing to $10.10 at the time of publication, according to CoinMarketCap data. It is ranked as the 45th largest cryptocurrency by market capitalization, currently valued at $2.03 billion.
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