According to TechFlow, Cointelegraph reported that according to the analysis of blockchain data company Bubblemaps, the DJT token rumored to be issued by Trump is actually not related to him. It pointed out that about 67% of DJT supply is concentrated in one cluster, and 43% of the total supply is on Solana ecosystem automated market maker Raydium.
CoinGecko data shows that despite widespread skepticism, in just four hours after the rumor broke, TRUMP prices fell 31% to $8.1, with a market value of more than $150 million evaporating. Other small-cap Trump-themed meme coins fell even more, such as TREMP, which fell 36.8% from $0.95 to $0.6 in the same period, temporarily reported at $0.6971.
