Chain detective ZachXBT posted on X that suspected insiders made a profit of $3.8 million by trading Restore The Republic (RTR) through four wallet addresses.
He also added that several X accounts, allegedly friends of the project team, apologized for promoting the token and said they did not profit from it.
Yesterday, Donald Trump Jr. said in a live Q&A session on the subscription platform Locals that he personally likes Memecoin and this culture, but Meme cannot be confused with the project they are going to do. The rumors about Restore The Republic (RTR) and their project are "absolutely false" and the token has nothing to do with the project he and Eric Trump are building. The project will be a non-Memecoin project designed for "long-term development" and they will announce it directly when they are ready.