TRUMP Meme Coin Jumps 7% as World Liberty Financial Unveils Treasury Acquisition Plan
The TRUMP meme coin rallied 7% to $10.37 after Eric Trump announced World Liberty Financial's strategy to acquire a significant position for its Long-Term Treasury. The financial firm, partially owned by a Trump-affiliated entity, emphasized shared values of "amplifying American strength through innovation" in its statement.
Markets reacted swiftly, with traders drawing comparisons to the FTX and Alameda Research controversies involving Sam Bankman-Fried. This partnership has blurred the boundaries between political branding and cryptocurrency economics, generating both excitement and skepticism among investors.