TRUMP Coin Collaborates with World Liberty Financial Amid Market Skepticism
World Liberty Financial, backed by Donald Trump's family, announced a partnership with TRUMP Coin. Eric Trump stated that the $TRUMP Meme Coin will be included in World Liberty's long-term Treasury. Following this news, TRUMP Coin increased by 6%, trading above the $10 support level, though daily trading volume dropped by 37% to $604 million.
Key points include:
- The collaboration follows an exclusive dinner with top holders of TRUMP Coin, where the coin briefly rose by 13%.
- Market reaction has been muted, raising skepticism among investors and analysts.
- Concerns over potential market manipulation and insider trading have emerged, particularly regarding a World Liberty advisor's trading activities.
- Recent announcements about a TRUMP wallet have sparked controversy over its affiliation with Trump Media.
Ripple CTO David Schwartz suggested there may be undisclosed partnerships despite denials from the Trump family.