Buy the Rumor, Miss the Point

Yesterday, Eric Trump announced that World Liberty Financial plans to acquire a significant portion of the TRUMP token supply for long-term holding. The market reacted instantly - traders started buying up TRUMP.

It’s not a moonshot, though. According to Coingecko, the price went up just 5% in 24 hours. Still, the trend is clear: demand has picked up.

But here’s what I don’t get: why?
Does any crypto trader seriously think WLFI is going to buy tokens from them - at market price?

Why would WLFI even do that? The token issuer still holds the majority of the supply. I wouldn’t be surprised if WLFI is negotiating to get a “significant portion” of it for free. After all, Eric said “acquire,” not “buy.”

To me, this whole thing feels like bait for those who prefer not to think too hard. Hard not to see it, right?

If you ever feel like swapping your TRUMP tokens for something else, you can always do it at rabbit.io.