Fun

Trump token dumps 31% despite doubts he’s behind the DJT token

News Feed - 2024-06-18 11:06:24

Brayden Lindrea6 hours agoTrump token dumps 31% despite doubts he’s behind the DJT tokenTrump hasn’t confirmed or denied ties to the DJT token, but a blockchain analytics firm and industry leaders raised doubt that Trump’s team launched it.4777 Total views20 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksMAGA (TRUMP) and other Donald Trump-related memecoins fell more than 30% amid rumors that Donald Trump’s team launched a “official” token on Solana.


“Per conversations, Trump is launching an official token” named TrumpCoin under the ticker DJT, Pirate Wires claimed in a June 17 X post to its 63,800 followers.


Pirate Wires claimed Trump’s 18-year-old son, Barron, was “spearheading” the token.


However, Donald Trump’s team hasn’t confirmed the token launch, and blockchain data firms such as Bubblemaps seem confident that DJT isn’t actually linked to the presidential candidate.


It noted that around 67% of the supply is in one cluster and that 43% of the total supply is on Solana-based automated market maker Raydium.


Despite the widespread doubts, TRUMP fell 31% to $7.46 within a short four-hour window following the rumors, CoinGecko data shows.


More than $150 million has been wiped from the Make America Great Again-themed TRUMP market cap since the news.TRUMP’s change in price over the last 24 hours. Source: CoinGecko


Smaller-valued Trump memecoins were hit even harder.


The Solana-based Donald Tremp (TREMP) memecoin fell 36.8% from $0.95 to $0.60 in a similar timeframe before rebounding to $0.76.


Related:Donald Trump’s crypto portfolio briefly peaks above $10M


Interestingly, the Jeo Boden (BODEN) token linked to Trump’s main presidential rival Joe Biden fell over 22%, too.


Meanwhile, DJT surged to a $120 million market cap on June 18 despite being relatively unknown.


Data from Birdseye, however, shows the first lot of DJT tokens were minted on April 22.


While the industry awaits confirmation from Trump, several industry leaders expressed frustration at the possible perpetrators behind the token launch, which comes at a time when presidential candidates like Trump, Biden and Robert F. Kennedy Jr. have started taking the industry more seriously as the upcoming presidential election nears.Source:David Bailey


Magazine:Bots, airdrops push Ronin to No.2 blockchain for daily users — Not Pixels fans# Altcoin# Business# Adoption# Donald Trump# Tokens# DeFi# Solana# Memecoin# Joe BidenAdd reaction

News Feed

Mt. Gox begins repayments in Bitcoin and Bitcoin Cash
Josh O"Sullivan2 hours agoMt. Gox begins repayments in Bitcoin and Bitcoin CashThe collapsed exchange has started debt repayments to creditors via select crypto exchanges, following the rehabilitation plan.3186 Total vie
Renzo’s ezETH depegs to $688 following end of airdrop farming window
Zoltan Vardai10 hours agoRenzo’s ezETH depegs to $688 following end of airdrop farming windowDespite the temporary price depeg, a trader made nearly $400,000 in profit due to the unfortunate incident.2239 Total views16
Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns
Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns The top U.S. banking regulator is concerned that the Biden administration
Ciaran Lyons2 hours agoSalvadoran teenager becomes Bitcoin teacher, no longer earning ‘6 dollars a day’In a series of tweets, 18-year-old Gerardo Moran explained his journey back to his former high school in El Salva
Europe’s largest banks are moving into crypto thanks to regulations — Bitpanda
Zoltan Vardai13 hours agoEurope’s largest banks are moving into crypto thanks to regulations — BitpandaSome of Europe’s largest banks are developing crypto solutions thanks to the regulatory clarity provided by the
Fidelity’s New 401(k) Product Lets Workers Add Up to 20% in Bitcoin to Their Retirement Plans
Fidelity"s New 401(k) Product Lets Workers Add Up to 20% in Bitcoin to Their Retirement Plans The multinational financial services corporation based in Boston, Fidelity Investments
Ubisoft Open-World Games Are Going to Get Much, Much Bigger
With the ongoing success of its trademark open-world games, Ubisoft is set to make them much, much bigger moving forward. | Photo by Frederic J. BROWN / AFPWhen we think of Ubisoft
Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked
Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked Crypto analysts are pushing back against the narrative that the
Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest
Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest PRESS RELEASE. With the steady rise of Bitcoin price in recent days, this is arguabl
Is mysterious ΑΙ ‘gpt2-chatbot’ OpenAI’s next upgrade in disguise?
Savannah Fortis9 hours agoIs mysterious ΑΙ ‘gpt2-chatbot’ OpenAI’s next upgrade in disguise?A powerful new AI chatbot called “gpt2-chatbot” appears on LMSYS Chat and has sparked speculation about whether it c
Derek Andersen3 hours agoGalxe replacing 110% of funds users lost in recent front-end hack, over $400KThe platform was the victim of a phishing scam that routed users to a website that drained their wallets after they ap
Prashant Jha57 minutes agoTelegram integrates TON crypto wallet, TON price jumps 7%Messaging app Telegram endorsed TON network as its blockchain network of choice for Web3 infrastructure, boosting the TON token price by