- Trump meme coin gets major boost as World Liberty Financial commits to large, long-term acquisition.
- Official Trump wallet plan scrapped, but token development continues with bullish signals from traders.
Eric Trump made a fresh announcement on June 6, confirming that World Liberty Financial intends to acquire a large stake in the Trump-backed cryptocurrency. He stated,
We’re proud to announce that World Liberty Financial plans to acquire a substantial position in $TRUMP for their Long-Term Treasury.
The statement came in an X post by Eric Trump, who added, “I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi.” The public link between the Trump family and the coin has now expanded into a strategic acquisition. The involvement of World Liberty Financial places additional focus on the long-term financial backing behind the asset.
Breaking News: I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi. Although their meme wallet isn’t moving forward, they remain focused on building the most exciting MEME on earth – $Trump. Moreover, we’re proud to announce that World Liberty Financial…
— Eric Trump (@EricTrump) June 6, 2025
No Wallet Launch, But $Trump Memecoin Pushes Ahead
Eric also confirmed that the Trump-backed wallet would not move forward under the current setup. However, he clarified that the development of the memecoin would continue. He said:
Although their meme wallet isn’t moving forward, they remain focused on building the most exciting MEME on earth – $Trump,
This comes after some confusion earlier in the month. On June 3, Magic Eden and the team behind Official Trump jointly revealed plans to introduce “the Official $TRUMP Wallet,” a new product intended to support various cryptocurrencies, including BTC, ETH, ADA, DOGE, and others.
Eric Trump firmly rejected the announcement from Magic Eden, stating, “The wallet is not authorized by Trump.” He also issued a warning to the NFT marketplace, cautioning them to be very careful about using the Trump name in any project that hasn’t been approved or recognized by anyone within their organization.
Donald Trump Jr. also weighed in and clarified that “The Trump Organization has zero involvement with this wallet product.” He added that the family’s official crypto platform would release its own authorized wallet in the near future.
Bullish Pattern Appears as Analysts Eye Return to $75
After the announcement, Official Trump’s price rose by over 8%, then corrected back to $10.48. The memecoin now holds the 45th spot among cryptocurrencies, with a market capitalization of $2.07 billion.
Some expected a bigger jump in value. Crypto commentator Pluid expressed disappointment, posting on X, “The coin hasn’t pumped on this news – not a good sign at all.”
In contrast, technical indicators point to renewed momentum. On the weekly chart, the token shows a bullish engulfing pattern. This type of formation usually suggests a strong move by buyers and follows two weeks of limited price activity. Analysts believe this setup could send the price back toward its all-time high of $75, potentially confirming a bullish trend.
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