Tron announced that it’s going to launch TRUMP on its blockchain soon, enabling increased interoperability and market access for the meme coin. LayerZero will power this expansion.
Unfortunately, there aren’t a lot of relevant details about the rollout yet, and there are a lot of unanswered questions. TRUMP’s fan community did not seem particularly excited about this development.
Tron’s Trump Partnership
Compared to several recent developments in President Trump’s broader crypto empire, his eponymous meme coin hasn’t gotten much attention lately. Its price has been dropping for several months now, and scandalous rumors have occasionally circulated. Today, however, Tron announced that its blockchain will support TRUMP soon:
Tron, a blockchain-based decentralized web platform, didn’t give a lot of details about this TRUMP deal. LayerZero, the interoperability protocol powering the expansion, hasn’t made any firm statements about technical capabilities or expected launch date. Based on this announcement alone, it’s unclear what to expect from Tron and the President’s crypto empire.
However, the two organizations have had a lot of recent contact, as Tron’s founder Justin Sun might be the largest TRUMP holder. Sun began substantially investing in WLFI shortly after the last Presidential election, and the SEC settled a fraud case against him in February. Since then, Tron has planned to go public in the US, marking a stark reversal of its former legal woes.
In that light, this TRUMP launch looks like a continuation of Tron’s ongoing collaborations with the President. Justin Sun also announced that his firm will support USD1, World Liberty Financial’s stablecoin, further signifying a deep business connection.
Although we don’t have a lot of specific details about this partnership, it’s nonetheless possible to draw a few conclusions. For example, Tron handled more than 5x Ethereum’s USDT transaction volume last week, so it should have plenty of bandwidth for a TRUMP expansion. The meme coin’s current circulating market cap is $1.7 billion, well within Tron’s capabilities.
Still, TRUMP’s price hasn’t recovered since this Tron announcement, merely continuing its recent pattern of chaotic swings on a steady downward trend. It’s not presently clear if the meme coin has enough market interest to warrant this increased interoperability and market access. Hopefully, this might change as Tron’s full rollout takes effect.
The Tron partnership may eventually spur gains for TRUMP, but it currently seems unclear. For now, this partnership seems more like a continuation of the two organizations’ ongoing collaboration.
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