Donald Trump’s crypto brand has been hogging headlines all week, thanks to the public spat between his family and the team behind a wallet project tied to the president. However, following all the drama, tensions seem to be easing.
The crypto wallet saga involving Donald Trump’s sons and Gettrumpmemes, the company in charge of the memecoin tied to the president recently took a new turn, when Eric Trump took to social media platform X with a reconciliation post.
“I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi,” he wrote.
Eric’s post came only a few days after the family publicly rallied against the firm for launching a crypto wallet tied to their brand without authorization. At the time, the Trumps accused Gettrumpmeme’s partnership with Magic Eden of having “zero involvement” with their organization, even resorting to legal action to thwart the initiative.
While he confirmed that the wallet project itself will not move forward, the shift in tone came alongside his announcement that their DeFi venture, World Liberty Financial, will acquire a significant stake in the $TRUMP memecoin. According to him, this symbolizes the duo’s joint “vision for crypto, patriotism, and long-term success.”
However, Eric’s announcement has once again sparked criticism around the family’s crypto ventures. Skeptics argue that the majority of the projects involved lack transparency and are riddled with inconsistencies, questioning whether they are primarily driven by personal profit rather than genuine interest in the crypto industry.
This sentiment reflects the broader skepticism across the community, with many viewing the ventures as more opportunistic than authentic.
Despite the announcement, the $TRUMP token has recorded no notable price movement. At press time, it trades around 77% below its all-time high and is down nearly 30% over the past 30 days.
