Current U.S. President Trump's family's political and economic influence continues to expand, and their layout in the cryptocurrency field is becoming increasingly clear. Eric Trump, Trump's second son, announced on the 6th that World Liberty Financial (WLFI), closely related to the Trump family, will make a strategic investment in the TRUMP ($TRUMP) meme coin, planning to buy in large quantities and incorporate the token into its long-term treasury.
Supporting Their Own
World Liberty Financial (WLFI) clearly expressed its support for the TRUMP meme coin in this collaboration.
Eric Trump stated that WLFI's plan to buy in large quantities and hold the TRUMP meme coin long-term is to "achieve long-term success for both parties".
WLFI is primarily owned by DT Marks DEFI LLC, which is associated with Donald Trump and his family, and Eric Trump also serves on the board of directors of WLFI Holdco LLC, responsible for managing the company's operations.
Lukewarm Market Response
The market's response to this news was relatively tepid. Although the TRUMP meme coin price briefly rose 6.4% after the announcement, it quickly retraced and did not experience the significant fluctuation generally expected.
