According to the analysis of blockchain data company Bubblemaps, the token DJT rumored to be issued by Trump is actually not associated with him. It pointed out that about 67% of DJT supply is concentrated in one cluster, and 43% of the total supply is on Solana Ecosystem Automated Market Maker Raydium.
CoinGecko data shows that despite widespread skepticism, in just four hours after the rumor came out, the price of TRUMP fell 31%, temporarily reported at $8.1, and the market value evaporated by more than $150 million.
Other small-cap Trump-themed Meme coins fell more, such as TREMP fell 36.8% from $0.95 to $0.6 in the same period, temporarily reported at $0.6971. (Cointelegraph)