Is the TRUMP Coin the Next Big Thing or Just a Flimsy Fad? 🤔💰
In a turn of events that could only be described as a delightful romp through the absurd, Donald Trump’s family-backed decentralized finance (DeFi) project, World Liberty Financial, has decided to join forces with none other than the illustrious TRUMP Coin. Eric Trump, in a moment of sheer bravado, took to the X platform to announce, “I am proud to announce the $TRUMP Meme Coin has aligned with World Liberty Financial.” One can only imagine the confetti raining down in the Trump household at this momentous proclamation! 🎉
But wait, there’s more! Eric also revealed that World Liberty Financial would be adding a hefty chunk of TRUMP Coin “for their long-term Treasury.” This news sent the TRUMP Coin soaring by a modest 6%—a rise so gentle it could be mistaken for a sleepy cat stretching in the sun. The crypto community, however, remained as excited as a cat in a room full of rocking chairs. 🐱
As it stands, the TRUMP coin is valiantly trading above the $10.00 support level, though the daily trading volume has plummeted by 37% to a mere $604 million. This suggests that today’s little uptick might be about as stable as a house of cards in a windstorm, unless, of course, the bulls decide to show up for the party. 🐂
In a rather curious twist, Eric’s announcement followed an exclusive dinner and meet-and-greet at the president’s golf course in Virginia, attended by the top 220 holders of Trump’s memecoin. Back then, the TRUMP Coin price had a brief moment of glory, pumping 13% in a day, only to fizzle out faster than a soda left open overnight. 🍾
Investors Share Skepticism for TRUMP Coin and WLFI Collaboration
While some experts were popping the champagne at this development, others were raising their eyebrows so high they nearly disappeared into their hairlines. The tepid market reaction to the TRUMP price news has left crypto commentators scratching their heads, with some questioning why the price growth was as elusive as a good hair day for most of us. Crypto analyst Pluid quipped in a June 6 post on X, “The coin hasn’t pumped on this news – not a good sign at all.”
Moreover, the ethics and transparency of this deal have come under scrutiny. Prominent crypto trader Clemente didn’t mince words, labeling the collaboration a “joke,” while others speculated about potential scandals and legal challenges lurking just around the corner like a bad smell. 💩
To add a dash of spice to this already bubbling cauldron of controversy, allegations of market manipulation and insider trading have emerged. Apparently, a World Liberty Financial advisor decided to short TRUMP with a cool $1 million before flipping to a long position. Talk about a plot twist worthy of a soap opera!
ogle(@cryptogle), the advisor of @worldlibertyfi, closed his short position on $TRUMP at a loss of $188K.
Then he flipped to long $TRUMP 4 hours ago, with a liquidation price of $8.
— Lookonchain (@lookonchain) June 7, 2025
Earlier this week, the masterminds behind the TRUMP meme coin announced the launch of the TRUMP wallet. However, this announcement quickly turned into a hot potato, with Trump Media insisting they had nothing to do with it. Meanwhile, Ripple CTO David Schwartz chimed in, suggesting that despite the Trump family’s denials, some data indicates otherwise. Oh, the tangled webs we weave! 🕸️
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2025-06-08 02:27