TrumpCoin Soars 442% After Rumors Donald Trump Is Behind DJT Token, Triggering PolitiFi Crypto Crash

TrumpCoin
(DJT)


surged

more
than
442%
in
the
past
24
hours
after
a
report
claimed
that
Donald
Trump
is
behind
the
token,

triggering
a
crash
among
political
meme
coins
that
wiped
more
than
29%
off
their
value.

“Trump
is
launching
an
official
token”
named
TrumpCoin
under
the
ticker
DJT,
Pirate
Wires


claimed

in
a
Jun.
17
post
on
X.
Trump’s
son
Barron
is
“spearheading”
the
project,
the
media
outlet
added. 

Doubts
Over
Trump’s
Involvement
In
TrumpCoin
(DJT)

Pirate
Wires
editor-in-chief
and
Founders
Fund
CMO
Mike
Solana


shared

the
smart
contract
address
for
the
token
in
a
reply
to
the
media
outlet’s
post.

He
went
on
to
clarify
that
he
has
not
spoken
with
Trump
directly,
and
shared
his
assumption
that
the
former
president
“could
rug
pull,
or
pivot,
say
it’s
not
true.” 

getting
a
lot
of
inbound
here.
no,
didn’t
speak
with
trump
directly,
assumed
this
was
clear
(text
me
though,
mr.
president).
also
assume
he
could
rug
pull,
or
pivot,
say
it’s
not
true.
just
reporting
what
I
know
via
sources.

https://t.co/rGEukksUMs

—
Mike
Solana
(@micsolana)

June
17,
2024

Trump’s
team
has
not
confirmed
whether
the
former
president
is
involved
in
the
DJT
token’s
launch.
Despite
the
Pirate
Wires
report,
several
members
of
the
crypto
community
doubt
he
has
anything
to
do
with
the
token. 

Messari
founder
and
vocal
Trump
Supporter,
Ryan
Selkis,
said
in
a
Jun.
18
post
on
X
that
there
is
a
“50-50”
chance
that
the
DJT
token
could
be
a
legitimate
project
or
another
act
of
deceit.


Polymarket

only
gives

a
17%
chance
that
the
former
president
is
behind
the
DJT
token.

I’m
not
100%
sure
whether
the
Trump
memecoin
is
real
or
an
op,
but
I’m
50-50.

I
offered
to
help
the
people
that
reached
out
with
legal
and
biz
intros
but
told
them
I
wouldn’t
take
anything
in
return
because
I
got
the
vibes
that
the
guy
who
approached
me
is
a
Fed.

Stay
safe!!!

—
Ryan
Selkis
(d/acc)
????????
(@twobitidiot)

June
17,
2024

Investors
Abandon
Older
Trump-Linked
Tokens 

Tokens
based
on
Trump,
including
MAGA
Again
(MAGAA),
Trump
Mania
(TMANIA),
Doland
Tremp
(TREMP),
trumpie
(TRUMPIE),
and
MAGA
(Trump),
registered
some
of
the
steepest
losses
among
PolitiFi
coins
in
the
past
24
hours
of
trading.

MAGAA
bled
the
most
after
it
plunged
over
57%,
while
TMANIA
and
TRUMPIE
saw
their
prices
drop
more
than
51%
and
38%,
respectively.
Meanwhile,
both
TREMP
and
TRUMP
experienced
losses
exceeding
30%. 

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