Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-ratings.com
June 6, 2025 at 13:21
Dispute Erupts in Trump Crypto Circle as World Liberty Foundation Targets $TRUMP Wallet Plans, Bloomberg Reports
Tensions are escalating within Donald Trump's cryptocurrency ventures as the World Liberty Foundation Inc. (WLFI) seeks to halt the launch of a Trump-branded crypto wallet.
This organization, closely associated with Trump's family, has issued a cease-and-desist letter to Fight Fight Fight LLC, the firm behind the proposed wallet.
The wallet's launch, planned in partnership with NFT marketplace Magic Eden, progressed without direct approval from the Trump Organization or WLFI.
Fight Fight Fight is notable for having launched the $TRUMP memecoin earlier this year, while its leader, Bill Zanker, is a longtime Trump associate.
Zanker’s involvement raises questions regarding the authenticity and control of products featuring Trump's branding.
Shortly after WLFI's legal actions, the $TRUMP token experienced a severe market reaction, losing $130 million in market cap within minutes.
Despite this dip, trading volume surged by 129%, suggesting heightened market interest amidst the turmoil.
The dispute reflects significant rifts within Trump's digital asset strategy, particularly regarding brand ownership and operational oversight.
As WLFI prepares its own wallet launch, other family members have reinforced their support for WLFI, distancing from Fight Fight Fight's initiatives.
As the situation unfolds, it underscores the complexities of brand management in the rapidly evolving world of cryptocurrency.
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