The price of the Official Trump memecoin surged briefly by 6% after Eric Trump announced that World Liberty Financial (WLF) intends to acquire a substantial amount of the token. Despite this initial spike, the price quickly retraced, currently sitting at $10.10 with an overall decline of 8.65% over the past month. Eric Trump, in a June 6 post, expressed pride in aligning the $TRUMP Meme Coin with WLF, indicating their focus is on building an exciting meme. Some crypto analysts, however, were skeptical about the limited impact of the announcement, questioning why the price did not rise more significantly. This comes after recent controversy regarding the Official Trump Wallet, which Eric Trump mentioned is unauthorized and cautioned against using the Trump name without approval. He affirmed that the family’s crypto platform will soon launch an official wallet, despite the misinformation surrounding it. Eric Trump has also highlighted a broader trend of increased interest in Bitcoin across various sectors, emphasizing the growing significance of cryptocurrencies in today’s market.

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