Major Crisis in Trump Memecoin Comes to an End - Eric Trump Announces Good News

The internal conflict surrounding the Trump family‘s cryptocurrency projects has ended. Eric Trump announced that tensions over the memecoin project named after his father have calmed down, and that the family’s controlled World Liberty Financial will purchase a “significant amount” of the memecoin in question.

In a post from his X account, Eric Trump stated that the company behind the Trump memecoin will not continue with the digital wallet project that caused the crisis with World Liberty.

According to a report in Bloomberg News on Thursday, World Liberty Financial, which is partly owned by the Trump family, sent a “cease-and-desist” letter to the organization Fight Fight Fight, expressing opposition to the digital wallet project called “TRUMP Wallet.” According to the allegations, World Liberty is planning to launch its own digital wallet service.

In the statement that ended the tension, Eric Trump stated that World Liberty would buy a significant amount of the Trump memecoin and add it to its own reserves.

Fight Fight Fight, the company that launched the Trump memecoin, is run by longtime President Trump friend and supporter Bill Zanker. Since launching the memecoin in January, the company has generated over $300 million in revenue, according to data analytics firm Chainalysis.

Fight Fight Fight and Trump family affiliate CIC Digital LLC hold 80% of the token supply, with a combined value of around $2 billion, according to CoinMarketCap.