"Trumpcoin crashes 31%! Rumor has it that Trump's son is behind it?"
💥 Shocked!
Trumpcoin plummets 31%: Although Trump is suspected of being the mastermind behind the DJT token, he has not yet confirmed his connection with the coin. However, blockchain analysis companies and industry leaders suspect that the token was launched by the Trump team. As rumors of an "official" token spread, MAGA (Trump) and other Trump-related meme coins plummeted by more than 30%!
🔍 Is he the manipulator behind the scenes? : According to Pirate Telegram, Trump's 18-year-old son Barron is the "pioneer" of this coin. However, the Trump team has not confirmed the launch of the token, and blockchain data companies such as Bubblemaps have also questioned whether DJT is really related to Trump.
📉 The market reacted violently: After the rumor spread, Trump coin plummeted 31%, and its market value evaporated by $150 million. Trump-related meme coins took a hit, while Solana-based Donald Tremp (TREMP) meme coin fell 36.8% from $0.95 to $0.60.
🌐 Competitors not immune: Interestingly, Jeo Boden token associated with Trump’s main presidential rival Joe Biden also fell 22%. Meanwhile, DJT’s market cap surged to $120 million on June 18, despite being relatively unknown to date.
⌛ Industry leaders disappointed: Amid the wait for Trump’s confirmation, several industry leaders expressed disappointment with the possible perpetrators behind the token launch. With the election approaching, presidential candidates such as Trump, Biden, and Robert F. Kennedy Jr. have begun to take the industry more seriously.
