World Liberty Announces Strategic Acquisition of Official Trump ($TRUMP) and the Closure of Trump Meme Wallet
Eric Trump, the Executive Vice President of the Trump Organization, recently announced a strategic partnership between World Liberty Finance (WLFI) and the Official Trump memecoin ($TRUMP). This partnership aims to create a mutually beneficial collaboration for long-term success.
As part of the partnership, the TRUMP memecoin project has decided to pause the development of a meme wallet in partnership with Magic Eden (ME). On the other hand, the World Liberty Finance team has committed to holding a significant amount of TRUMP tokens for their long-term treasury management.
The announcement of this partnership has had a significant impact on the market, particularly on Magic Eden (ME). The price of ME has seen a sharp decline following the news, trading at around $0.8435 during the late North American session on Friday, June 7.
In contrast, the TRUMP memecoin, a mid-cap cryptocurrency with a market cap of approximately $2 billion and a 24-hour trading volume of around $796 million, has experienced a surge in bullish sentiment. The long-term support from World Liberty Finance is expected to provide vital liquidity for the TRUMP memecoin project.
As of the latest update, the price of the TRUMP memecoin is hovering around $10, reflecting a 5% increase in the past 24 hours. This partnership between World Liberty Finance and the TRUMP memecoin project is set to shape the future of both entities in the ever-evolving cryptocurrency landscape.
