Eric Trump commented on the ongoing discussions surrounding TRUMP ($5.67) Coin, initiated by his father, President Donald Trump. The emergence of a whale investor who made nearly $12 million profit shortly after the token’s launch has ignited further debate on the topic.

Eric Trump’s Insights on TRUMP Coin

Eric Trump, the son of President Trump, described the rapid rise of the TRUMP memecoin as “the world’s hottest digital meme.” After its release on Friday, TRUMP token quickly gained value, becoming one of the most talked-about topics in the cryptocurrency space. According to CoinGecko, its market cap exceeded $5 billion by Saturday afternoon, while trading volumes surged above $11 billion. The token price more than doubled to over $27 within just 24 hours, surpassing $60 today.

A significant transaction shortly after the launch caught the attention of blockchain analysts. A whale investor spent approximately $12 million to acquire 860,895 tokens and sold them for $27.67, realizing a profit of $11.8 million. This development highlighted the high volatility of the token during its early trading hours.

Concerns arose regarding the stability of the memecoin and the potential for market manipulation. Critics argued...