Eric Trump's $TRUMP Memecoin Acquisition Falls Flat Despite Hype

Eric Trump's announcement of World Liberty Financial's acquisition of the $TRUMP memecoin has failed to generate significant market momentum, underscoring investor skepticism toward celebrity-backed crypto projects lacking clear utility. Despite the high-profile nature of the announcement, the memecoin's price experienced only a brief uptick before stabilizing near prior levels. Analysts emphasize that the crypto market increasingly values projects with demonstrable utility and robust development over mere celebrity association.