Eric and Barron memecoins? Trump rumored to expand crypto platform

World Liberty Financial acquired domains tied to Trump family, sparking rumors of new memecoins.

Donald Trump’s crypto platform, World Liberty Financial, has purchased three new Ethereum Name Service (ENS) domains—trumpcoin.eth, erictrump.eth, and barrontrump.eth—within the last 24 hours.

The acquisitions have sparked speculation about the potential launch of new Trump family memecoins, building on the recent debut of $TRUMP and $MELANIA tokens.

The Trump family’s venture into memecoins has already drawn significant attention. $TRUMP, launched last Friday, briefly reached a $15 billion market cap before retreating to $8 billion, according to CoinMarketCap. $MELANIA followed on Sunday, capturing investor interest but reportedly siphoning market enthusiasm from $TRUMP.

Industry reactions: Criticism and concerns

The Trump memecoins have not been without controversy. Critics argue that the launches undermine cryptocurrency’s credibility as a legitimate financial sector.

Rob Hadick, general partner at Dragonfly Capital, called the tokens a “blight” on the industry, while former Coinbase CTO Balaji Srinivasan warned that memecoins operate like a “zero-sum lottery,” where early adopters profit at the expense of later investors.

Anthony Scaramucci, founder of SkyBridge Capital and a former Trump administration official, took to social media to criticize the timing, commenting: “Launch of Melania coin is causing Trump coin to crash. Elon was right, we are living in a simulation. Which one of the kids’ coins will perform best? The day before inauguration as leader of free world and this is what Trump is focused on.”

Gabor Gurbacs, former director of digital-asset strategy at VanEck, also weighed in, saying the Trump memecoins damage the family’s credibility and warning that the “consequences of these projects haven’t even started.” Gurbacs urged Trump to reevaluate his crypto advisers.

Trump’s vision for cryptocurrency

Despite the backlash, Trump remains committed to expanding his presence in the crypto sector. His administration plans to prioritize cryptocurrency as a national initiative after his inauguration, with proposals including the creation of a national Bitcoin reserve.

This isn’t Trump’s first foray into digital assets. Previous initiatives under World Liberty Financial have included NFT collections and endorsements of various blockchain projects. With the recent domain acquisitions, speculation about the Trump family’s next steps in the memecoin market continues to grow.

While the potential launch of trumpcoin, erictrumpcoin, or barrontrumpcoin remains unconfirmed, it’s clear that Trump’s crypto ventures are shaping up to be as polarizing as his political career.