{"id":2668,"date":"2024-06-19T02:00:28","date_gmt":"2024-06-19T02:00:28","guid":{"rendered":"https:\/\/cryptd.in\/trump-inspired-memecoins-crash-30-after-rumors-of-trumps-official-token-launch\/"},"modified":"2024-06-19T02:00:28","modified_gmt":"2024-06-19T02:00:28","slug":"trump-inspired-memecoins-crash-30-after-rumors-of-trumps-official-token-launch","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ko\/trump-inspired-memecoins-crash-30-after-rumors-of-trumps-official-token-launch\/","title":{"rendered":"Trump-Inspired Memecoins Crash 30% After Rumors Of Trump\u2019s Official Token Launch"},"content":{"rendered":"<p>The crypto industry has been a crucial topic in the electoral campaign for the November US presidential elections. This year, presidential candidates have embraced cryptocurrencies to obtain the industry\u2019s support. As a result, the community has capitalized on the momentum with Memecoins.<\/p>\n<p>PolitiFi tokens, a new memecoin category inspired by political figures, have performed remarkably this Q2. Trump-inspired tokens have been the talk of the town after the Republican candidate started endorsing cryptocurrencies. However, these memecoins have suffered a massive 30% drop in the last 24 hours.<\/p>\n<h2>An Official DJT Token?<\/h2>\n<p>On Monday, Pirate Wires\u2019 X account announced the launch of an alleged official \u2018Trump Coin.\u2019 According to the report, the token is supposedly led by Trump\u2019s 18-year-old son, Barron Trump. \u201cPer conversations, Trump is Launching an official token \u2013 $DJT on Solana, Barron spearheading,\u201d read the post.<\/p>\n<p>Mike Solana, CMO at Founders Fund and editor-in-chief at Pirates Wires, <a href=\"https:\/\/x.com\/micsolana\/status\/1802835894782586989?s=61&amp;t=mtZSN0o6iCY-w9O1_1dRoQ\" target=\"_blank\" rel=\"noopener\">shared<\/a> a smart contract address seemingly linked to the token. Additionally, he stated he was \u201cjust reporting\u201d on what he knew \u201cvia sources\u201d and that he \u201cdidn\u2019t speak with Trump directly.\u201d<\/p>\n<p>Similarly, Martin Shkreli claimed the DJT token is real on an X Space. He later maintained his position, highlighting the \u201cconfirmation\u201d from a friend of Barron Trump. In a post, the 17-year-old stated, \u201c$DJT IS THE ONLY REAL TRUMP TOKEN.\u201d<\/p>\n<p>However, the crypto community remains <a href=\"https:\/\/x.com\/shaughnessy119\/status\/1802864501882012108?s=61&amp;t=mtZSN0o6iCY-w9O1_1dRoQ\" target=\"_blank\" rel=\"noopener\">skeptical<\/a> about the authenticity of the memecoin. Several users highlighted various red flags surrounding the \u201cofficial\u201d token, including the DJT\u2019s X Account.<\/p>\n<p>A user pointed out that the official X account has a \u201cstrange\u201d following list. This list includes the controversial figure Andrew Tate, American streamer Adin Ross, and Shkreli.<\/p>\n<p>Moreover, crypto analytics firm Bubblemaps <a href=\"https:\/\/x.com\/bubblemaps\/status\/1802837625381777812?s=61&amp;t=mtZSN0o6iCY-w9O1_1dRoQ\" target=\"_blank\" rel=\"noopener\">revealed<\/a> that 67% of the token\u2019s supply was in one cluster. Raydium Concentrated Liquidity is the largest holding, accounting for 43% of the supply.<\/p>\n<p>Many community members expressed their concerns with humor. Some users suggested that serial scammer Sahil Arora, responsible for several <a href=\"https:\/\/www.newsbtc.com\/meme-coins\/lil-pump-and-dump-sec-issues-warning-as-more-musicians-dump-their-memecoins\/\" target=\"_blank\" rel=\"noopener\">celebrity memecoins<\/a> rugs, orchestrated the token launch. Others wondered if the inconsistencies of the launch made it \u201cmore or less likely\u201d that it was a business venture from the Trump family.<\/p>\n<p>At the time of writing, no official sources have confirmed Trump\u2019s involvement with the DJT token.<\/p>\n<h2>Trump Memecoins Plummet<\/h2>\n<p>Over a month ago, the former US president <a href=\"https:\/\/www.newsbtc.com\/news\/crypto-presidential-rally-trump-soars-36-2-and-flips-boden\/\" target=\"_blank\" rel=\"noopener\">declared<\/a> he was \u201cfine\u201d with cryptocurrencies and wanted to make it a \u201csolid\u201d industry with clear regulations. At the time, Trump-inspired memecoins soared over 63% following his declarations. Additionally, the PolitiFi sector surged, with tokens like BODEN increasing by nearly 30%.<\/p>\n<p>Nonetheless, the story is different this time as the rumors of an official Trump token negatively impacted the performance of the memecoins. The PolitFi tokens report a 30% decline in the last 24 hours, with a market capitalization of $1.03 billion.<\/p>\n<p>Trump-related tokens took the biggest hit in the sector. Many dropped between 20% and 30% on the last day. MAGA (TRUMP), the largest token related to the former US president, saw its price decline by nearly 50% in four hours.<\/p>\n<p>Following the \u201cTrump coin\u201d rumors, TRUMP <a href=\"https:\/\/www.newsbtc.com\/news\/political-memecoin-mania-super-trump-token-explodes-with-200-surge\/\" target=\"_blank\" rel=\"noopener\">dropped<\/a> from the $10.8 to the $5.6 price range before recovering below the $7 mark. As of this writing, the token is trading at $6.94, a 38.7% retrace in the past 24 hours.<\/p>\n<p>Similarly, Trump Mania (TMANIA), Super Trump (STRUMP), and Doland Tremp (TREMP) have suffered a 35.2%, 20%, 37.6% price decline.<\/p>","protected":false},"excerpt":{"rendered":"<p>The crypto industry has been a crucial topic in the electoral campaign for the November US presidential elections. This year, presidential candidates have embraced cryptocurrencies to obtain the industry\u2019s support. As a result, the community has capitalized on the momentum with Memecoins. PolitiFi tokens, a new memecoin category inspired by political figures, have performed remarkably [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2668","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump-Inspired Memecoins Crash 30% After Rumors Of Trump\u2019s Official Token Launch - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ko\/trump-inspired-memecoins-crash-30-after-rumors-of-trumps-official-token-launch\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump-Inspired Memecoins Crash 30% After Rumors Of Trump\u2019s Official Token Launch - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The crypto industry has been a crucial topic in the electoral campaign for the November US presidential elections. 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