ME Price Surges 32% Then Dips: Is Trump Behind It or Not?
The post ME Price Surges 32% Then Dips: Is Trump Behind It or Not? appeared on BitcoinEthereumNews.com.
Key Notes ME token surged from under $0.80 to $1.14, triggering a 3,000% jump in trading volume. The rally followed news of a Trump-linked wallet launch involving Magic Eden and GetTrumpMemes.com. Trump family members later denied any connection to the wallet, sparking confusion. Magic Eden’s native token ME surged by nearly 32% in the late hours of June 3, climbing from below $0.80 to as high as $1.14. This sharp price surge resulted in a 3,000% jump in 24-trading volume, reaching $468 million, according to CoinMarketCap. This sudden price movement followed a Trump-branded crypto wallet announcement by Trump Wallet’s website. It stated that Magic Eden had partnered with GetTrumpMemes.com for the launch of “official $TRUMP Wallet by President Trump.” With Billions of Trump fans around the world, the $TRUMP mission has always been to make it super easy for Trump supporters to get into crypto and join the $TRUMP community. The $TRUMP Wallet powered by @magiceden is coming soon. Join the $TRUMP community!… pic.twitter.com/7nIubWIdqw — TrumpMeme (@GetTrumpMemes) June 3, 2025 Notably, GetTrumpMemes.com is owned by Fight Fight Fight LLC, a firm jointly owned by CIC Digital LLC, a company affiliated with the Trump Organization. This made the connection seem credible high-profile partnership at first glance. However, shortly after the announcement, Donald Trump Jr. publicly denied the Trump Organization’s involvement in the wallet. He stated he knew “nothing about it” and that the family’s crypto initiative, World Liberty Financial, would soon release its own official wallet. The Trump Organization has zero involvement with this wallet product. @EricTrump and I know nothing about it. Stay tuned—World Liberty Financial @worldlibertyfi, which we have been working tirelessly on, will be launching our official wallet soon. https://t.co/h1wO7dy6AX — Donald Trump Jr. (@DonaldJTrumpJr) June 3, 2025 Additionally, the President’s second son, Eric Trump, warned Magic Eden…
