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Eric Trump big crypto announcement

Donald Trump’s Son Teases ‘Big Crypto Announcement’

Jake Simmons
by Jake Simmons
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Eric Trump, Executive Vice President of the Trump Organization and son of US Presidential candidate Donald Trump, has hinted at an imminent, significant announcement for the crypto sector on Tuesday. In a post on X, Eric Trump expressed a newfound passion for the industry: “I have truly fallen in love with Crypto / DeFi. Stay tuned for a big announcement…@Trump @realDonaldTrump @DonaldJTrumpJr”.

This revelation was swiftly echoed by his older brother, Donald Trump Jr., who amplified the excitement with his post: “Big things coming. This is the future!!!” At press time, it was not clear what the announcement could be about.

Connecting The Crypto Dots

These teasers come on the heels of Donald Trump’s participation at the Bitcoin 2024 conference where he pledged to establish a “strategic national Bitcoin stockpile” with the coins confiscated by the US government.

Prior to the conference, there were strong rumors that Tesla CEO Elon Musk could speak alongside Trump at the conference. However, the rumor didn’t materialize. But, it seems that there was something true about this. Donald Trump and Elon Musk will do a “major interview” on Monday night, as announced via X.

Related Reading: Bitcoin Adoption: Adin Ross Stream Exposes Donald Trump’s Latest Commentary On BTC- Details

David Bailey, organizer of the conference and a Bitcoin advisor to Trump, commented today via X: “What could have been unburdened by what is.” X user SheBytes asked Bailey directly: “So Elon was the special guest that never materialized?” However, Bailey didn’t answer at press time, leaving many to ponder the implications of what was anticipated versus what is now planned for the interview.

Amidst this backdrop of high expectations and major announcements, the Trump memecoin DJT, which was launched in June on the Solana blockchain amid speculative ties to Barron Trump, saw a catastrophic price drop yesterday. The massive sell-off is attributed by some to a “rug pull” by developers associated with the project.

Related Reading: Donald Trump Debuts Bitcoin-Themed Sneaker Line Post 2024 Nashville Conference

Remarkably, this sudden crash occurred just weeks after controversies over the coin’s alleged connections to the former president, which were vigorously denied by his representatives. TylerD, a popular crypto analyst on X, drew connections between these developments.

“Eric Trump says he has fallen in love with Crypto / DeFi . And teases a big announcement coming. Interestingly, this comes within 24 hours of the DJT token rugging. A new Trump token incoming?” the analyst remarked. His commentary highlights the timing of Eric Trump’s announcement relative to the DJT debacle, stirring speculations about whether the forthcoming announcement might involve launching a new Trump-affiliated cryptocurrency.

At press time, DJT traded at $0.00051, down more than -98% from its all-time high.

DJT memecoin price
DJT price crashes close to zero, 1-day chart | Source: DJTUSDT on TradingView.com
Featured image from Axios, chart from TradingView.com
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Jake Simmons

Jake Simmons

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Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

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