- TRUMP’s Open Interest surged after Eric Trump’s tweet revealed WLFI’s stake acquisition
- Is this another manipulative play, or will it spark real, lasting attention?
The Official Trump [TRUMP] memecoin is back in the spotlight. Not for another unlock event or whale shuffle, but for a strategic move that’s split the market in two.
On one side, you’ve got the bulls calling it the ignition spark TRUMP needed.
On the other side? The skeptics.
They’re calling it textbook memecoin theater, echoing the rinse-and-repeat cycles we’ve seen play out before.
Still, with sentiment turning, liquidity heating up, and the potential for a full-blown trend reversal, TRUMP could be entering its own mini “Renaissance” phase – One you might not want to sleep on.
WLFI taps into TRUMP memecoin mania
On X (formerly Twitter), Eric Trump dropped a bombshell – World Liberty Financial (WLFI) is accumulating a significant position in TRUMP for their long-term treasury reserve.
He tweeted,
“I am proud to announce that the TRUMP Meme Coin has aligned with World Liberty Financial. Although their meme wallet isn’t moving forward, they remain focused on building the most exciting MEME on earth – $Trump.”
And, the timing couldn’t have been better. TRUMP has already capitulated all its May gains, retracing back to its late-April support band on the charts.
Meanwhile, at the time of writing, the negative Net Realized Profit/Loss (NRPL) signaled that HODLers are bag-holding, taking losses and selling below their cost basis. It is a clear indication of waning conviction in the token.
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Author: Ritika Gupta
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