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Trump Coin (DJT) Has risen More than 442% in the last 24 hours after a report claimed that Donald Trump is the one behind the token, Which led to a collapse among political coins Which led to the erasure of more than 29% of its value.
Trump “launches official token” called TrumpCoin under DJT ticker, Pirate Wires claimed In a June 17 post on the X. Media website, the media added that Trump’s son Barron is “leading” the project.
Doubts about Trump’s involvement in TrumpCoin (DJT)
Pirate Wires Editor-in-Chief and Founders Fund Marketing Director Mike Solana subscriber The smart contract address for the token in the response to the media post.
He went on to clarify that he had not spoken to Trump directly, and shared his assumption that the former president “could pull the rug out, or spin, and say that’s not true.”
Get a lot more inside here. No, I didn’t speak to Trump directly, and I assumed that was obvious (but he texted me, Mr. President). He also assumed that he could pull the rug or spin, and say that this is 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 was involved in the DJT token launch. Despite the Pirate Wires report, many members of the cryptocurrency community are skeptical that it has anything to do with the token.
Ryan Selkis, founder of Messari and Trump supporter, said in a June 18 post on Polymarket Just gives There is a 17% chance that the former president is the one behind the DJT token.
I’m not 100% sure if Trump memecoin is real or practical, but I’m 50-50 sure.
I offered to help people who contacted me with legal and business introductions, but told them I would not take anything in return because I felt the man who contacted me was a federal officer.
Be safe!!!
– Ryan Selkis (d/asc) 🇺🇸 (@twobitidiot) June 17, 2024
Investors are abandoning old symbols associated with Trump
Trump-based tokens, including MAGA Again (MAGAA), Trump Mania (TMANIA), Doland Tremp (TREMP), trumpie (TRUMPIE), and MAGA (Trump), posted some of the biggest losses among PolitiFi coins in the past 24 hours. From trade.
MAGAA shares bled the most after falling by more than 57%, while TMANIA and TRUMPIE saw their prices fall by more than 51% and 38%, respectively. Meanwhile, both Trump and Trump suffered losses of more than 30%.
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