STRUMP Surges 15% As Donald Trump Jr. Announces New Crypto Platform To “Take On” Banks

The
Super
Trump
(STRUMP)
price


surged

over
15%
in
the
last
24
hours
to
trade
at
$0.006652
as
of
2:30
a.m.
EST
as
Donald
Trump
Jr.
reveals
he
is
working
on
a
new
decentralized
finance
protocol
that
will
“take
on”
the
banking
industry.

 “I
think
there
has
been
a
lot
of
inequality
in
that
only
certain
people
can
get
financing,”
Trump
Jr.
said
in
an
Aug.
8


Q&A
session

on
the
subscription-based
platform
Locals.
He
added
that
the
notion
of
decentralized
finance
is
“very
appealing”
to
him.

Donald
Trump
Jr.
Says
New
Project
Will
Not
Be
A
Meme
Coin

Trump
Jr.
also
said
that
the
new
project
he
is
working
on
is
not
another


meme
coin.
Instead,
he
is
working
on
a
“larger
type
platform”
that’s
very
different
from
a
light-hearted
crypto.
With
regards
to
timelines,
he
did
not
give
any
clear
indication
of
when
the
platform
would
launch.
He
did,
however,
say
that
it
would
be
a
“long
time
before
we
can
do
anything.”

Despite
the
Republican
nominee’s
son
confirming
that
he
is
not
working
on
a
new
meme
coin,
several
tokens
linked
to
the
former
President
surged
in
the
last
24
hours.
Pepe
(TRUMP),
FreeTrump
($TRUMP)
and
Dark
MAGA
(DMAGA)
were
among
the
best
24-hour
performers
in
the
political
meme
coin
sector.

Restore
The
Public
(RTR)
Dives
95%

Not
all
Trump-themed
tokens
had
a
successful
trading
session
yesterday.
A
newly-launched
token
on
the


Solana

blockchain
by
the
name
of
Restore
the
Republic
(RTR),
rumored
to
be
the
official
token
of
the
former
President,
saw
its
market
cap
balloon
to
$155
million.

Friends:
Beware
of
fake
tokens!
The
only
official
Trump
project
has
NOT
been
announced!
You
will
hear
it
here
first.

https://t.co/33wfKyaMVB

—
Eric
Trump
(@EricTrump)

August
8,
2024

The
token’s
value
then
plummeted
95%
on
Aug.
8
after
Eric
Trump
warned
that
his
father
does
not
yet
have
an
official
token.
A
handful
of
early
investors
were,
however,
still
able
to
walk
away
with
substantial
profits. 

On-chain
data
from


Lookonchain

revealed
that
5
wallets
belonging
to
early
investors,
or
insiders,
made
$4
million
in
profits
in
just
6
hours
with
the
token’s
meteoric
rise
and
subsequent
plunge.

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