Trump Family Ties Fuel $TRUMP Memecoin Surge, But Market Skepticism Follows

Eric Trump announced on June 6th that World Liberty Financial, a platform backed by the Trump family, plans to acquire a substantial stake in the $TRUMP memecoin. This move triggered an initial 6.4% price surge for the token, reflecting strong investor interest. However, this spike quickly subsided as market skepticism emerged. World Liberty’s investment aims to position them within the cryptocurrency space. Despite this, the memecoin’s short-lived price boost raises questions about the long-term impact of family endorsements in a volatile market.