PANews reported on June 7 that Eric Trump, the son of former President Donald Trump, announced this morning a partnership between the meme coin project TRUMP and WLFI, planning to hold TRUMP tokens in large quantities in its long-term treasury. After the news broke, it briefly stimulated the TRUMP price to rise by 6.4%, but it quickly fell back, leading some in the crypto community to question the effectiveness of the news in driving stronger price increases. Analyst Pluid stated, 'Eric Trump's 'pump' did not lead to a rise in TRUMP, which is definitely not a good sign.'
CoinMarketCap's latest data shows that TRUMP currently has a market capitalization of approximately $2.05 billion, with a decline of 3.2% over the past 7 days.
