Trump-backed Crypto to Acquire $520 million in TRUMP Tokens Ahead of Flood

- World Liberty Financial aims to acquire substantial TRUMP memecoins - The move comes ahead of a significant $520 million token unlock On June 7, 2025, Cointelegraph reported that Eric Trump announced via social media World Liberty Financial's plan to boost market confidence by acquiring a substantial amount of TRUMP memecoins. This move precedes a significant token unlock in July, during which 50 million TRUMP tokens, valued at over $520 million, are scheduled to enter circulation. However, despite the announcement, the TRUMP memecoin experienced only a brief 6.4% price spike before its price retraced. This minimal market reaction led to commentary suggesting the movement was not a positive indicator, particularly as the TRUMP memecoin traded around $10 at the time. Currently, the TRUMP memecoin trades at around $10, a value representing an 85% decrease from its all-time high in January. Consequently, this substantial decline has raised concerns about the token's future performance, with the upcoming large-scale token release in July particularly fueling these concerns. According to latest market data on June 7, Official Trump (TRUMP) was trading at $10.383 as of 16:18 UTC, and its 24-hour trading volume showed a 4.46% change.