Trump Jr. And Eric Caution Crypto Community On Fake Tokens Amid Pump And Dump Schemes: 'Don't Be Fooled— Stay Tuned For The Real Deal'
Portfolio Pulse from Aniket Verma
Donald Trump Jr. and Eric Trump warned the cryptocurrency community about fake tokens claiming to be associated with the Trump family. They assured that any official Trump project will be announced directly by them. This follows hints at a significant announcement related to cryptocurrency and decentralized finance (DeFi).
August 09, 2024 | 1:31 am
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A Solana-based memecoin, Restore The Republic (RTR), referencing Trump's political slogan, saw a massive spike and subsequent crash in market cap following speculation about an official Trump token project.
The warning from the Trump brothers about fake tokens and the lack of an official announcement likely contributed to the volatility in RTR's market cap. This could negatively impact Solana's reputation in the short term.
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