Key Notes
Despite this, the TRUMP Coin price rose only 6% and daily trading volumes dropped by 37%, reflecting skepticism.
Prominent critics labeled it a "joke," and allegations of insider trading emerged after reports of a financial advisor shorting TRUMP before switching to a long position.
The muted market reaction to the announcement has raised doubts among investors, while some question the ethics and transparency of the project.
Donald Trump’s family-backed decentralized finance (DeFi) project World Liberty Financial announced a collaboration with TRUMP Coin, with Eric Trump revealing a plan to purchase the Official Trump meme coin. “I am proud to announce the $TRUMP Meme Coin has aligned with World Liberty Financial,” said Eric Trump in his post on the X platform.
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