The move could bring
institutional weight to the token and aligns with the project’s vision
for “crypto, patriotism and long-term success.”
What to know:
Eric Trump announced that World Liberty Financial plans to acquire a
significant position in the TRUMP memecoin for its treasury.The move would add the token to the Trump family-linked project's growing
altcoin portfolio and comes as part of a shared vision for “crypto,
patriotism and long-term success," he said.
Eric Trump said that World Liberty Financial, the decentralized finance
project with ties to the Trump family, plans to acquire a "substantial
position" in the TRUMP memecoin for its long-term treasury as it
“aligns” with the project.
The announcement, posted to X on Friday, framed the move as part of a shared vision for “crypto, patriotism and long-term success.”
While few concrete details were provided, the commitment suggests an effort
to bring a veneer of institutional weight to a token that, like most
memecoins, trades largely on attention and branding.
It’s unclear how much capital the firm plans to commit. Other holdings in its portfolio include major altcoins like ether ETH
$2,518.31
, bitcoin BTC$105,588.50, and TRX TRX
$0.27941, along with some stablecoins.
The project has nevertheless accumulated several lesser-known tokens, including BUILDon (B) after the project announced it would use WLF’s USD1 stablecoin for real-world use cases.
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