Trump-related meme coins, including the popular MAGA coin, have experienced a significant drop, plummeting over 51% in value.According to a June 17 post by Pirate Wires, former President Donald Trump is allegedly preparing to introduce a token named TrumpCoin, with the ticker DJT, reportedly spearheaded by his 18-year-old son, Barron Trump.to $5.65 within four hours, wiping out more than $150 million from its market cap. Other Trump-themed meme coins also suffered significant losses.
Meanwhile, the DJT token surged to a $120 million market cap on June 18 despite being relatively unknown until now.Trump’s team has not yet confirmed these rumors, leading to widespread speculation and uncertainty within the crypto community.a smart contract address in a reply to his publication’s tweet “for visibility.” At the time of writing, the token associated with that contract has a market cap of $177 million.
getting a lot of inbound here. no, didn’t speak with trump directly, assumed this was clear . also assume he could rug pull, or pivot, say it’s not true. just reporting what I know via sources.However, Solana later clarified that he “didn’t speak with Trump directly” and acknowledged the possibility that he could deny any involvement with the token. “Just reporting what I know via sources,” Solana stated.
Blockchain data firms like Bubblemaps expressed doubt about the token’s legitimacy, stating, “I call fake news ,” andBest AI Crypto Coins in 2024: Top 9 Projects to WatchOne Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.
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