Despite rumors of an official Trump token launch, Trump memecoins like MAGA (TRUMP) dropped over 30%. Blockchain firms doubt DJT's authenticity, noting 67% of its supply is in one cluster. The TRUMP token fell to $7.46, wiping $150M from its market cap. Smaller Trump memecoins also suffered, with Donald Tremp (TREMP) down 36.8%. Meanwhile, the unconfirmed DJT token surged to a $120M market cap, despite being relatively unknown. #TrumpCrypto #trumpcoin