Eric Trump: $TRUMP Coin Is Our Long-Term Treasury Bet
Eric Trump, son of former U.S. President Donald Trump, announced that World Liberty Financial (WLF), a crypto platform backed by the Trump family, plans to purchase a “substantial” amount of the Official Trump ($TRUMP) memecoin.
“I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi,” Trump wrote in a June 6 post on X. He added, “We’re proud to announce that World Liberty Financial plans to acquire a substantial position in $TRUMP for their Long-Term Treasury.”
Following the announcement, the $TRUMP token briefly jumped by 6.4% but quickly retraced to $10.10, according to CoinMarketCap. Despite the high-profile endorsement, some in the crypto community expressed surprise that the price didn’t surge further. “The coin hasn’t pumped on this news – not a good sign at all,” commented crypto user Pluid on X.
The announcement came shortly after Eric Trump publicly distanced the Trump family from a proposed “Official $TRUMP Wallet.” The wallet, reportedly in collaboration with NFT marketplace Magic Eden, was unveiled on June 3. Eric Trump responded sharply, stating, “The wallet is not authorized by Trump,” and warned the platform to “be extremely careful using our name.”
Later, Donald Trump Jr. clarified that the family’s official wallet will be launched through their own platform soon.
Trump Family Grows Crypto Presence
The Trump family’s growing involvement in the crypto space also included a private dinner on May 23 with top $TRUMP holders at a Virginia golf course. Speaking at Consensus 2025 in Toronto, Eric Trump reaffirmed his pro-crypto stance, stating, “Everybody in the world is trying to hoard Bitcoin right now.”
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
