Rumors of Official Donald Trump Token Cause MAGA to Drop 30%
Donald Trump-related memecoins, including MAGA (TRUMP), fell by more than 30%, including: Rumors are swirling about an “official” token launch at Solana.
claimed token, It was named TrumpCoin and DJT. Pirate Wires reportedly announced it on June 17th. Pirate Wires claimed: Donald Trump’s 18-year-old son Barron Trump was leading the token launch.
Despite these claims, There was no confirmation from Trump’s team. Blockchain data companies such as Bubblemaps have questioned the legitimacy of the former president’s relationship with DJT tokens.
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Bubblemaps highlighted the following points: 67% of DJT supply is concentrated in one cluster, Raydium, a Solana-based automation market maker, accounts for 43% of total supply.
Amidst the rumors, The value of TRUMP tokens has decreased, It fell 30.17% over the past day to $7.33. Smaller Trump-related meme coins also took a hit. Solana-based Donald Tremp (TREMP) fell 34.32% to $0.61.
that much BODEN TokenRegarding Trump’s presidential rival, Joe Biden, was also found to have decreased It’s over 25%.
Meanwhile, despite doubts surrounding its legitimacy, DJT saw a surge, At the time of this writing, its market capitalization is over $255 million.
Because of these speculations, it remains important for investors to exercise caution and verify information.
In other news, Trump recently expressed support for Bitcoin mining after hosting a meeting with industry leaders.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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