A memecoin that Trump a lot. The campaign for the US presidential elections has taken a crypto turning point not always very happy. With, on the one hand, candidates playing the game of the most crypto-demago. And on the other, a sector of PolitiFi memecoins speculating on the emptiness of these campaign promises. At the same time, many celebrities have been tempted by the lure of digital gain promised by these tokens without fundamentals. Questionable ingredients at the origin of a new controversy in the United States. The former-president-candidate Donald Trump would it be the origin of the token DJT, launched on Solana? In doubt, political memecoins unscrew…
Is Donald Trump associated with the DJT token?
Politics is alive a decisive turning point in connection with cryptocurrencies. And it is no surprise on the United States side that this paradigm shift is underway, under the impetus a little too enthusiastic not to be simply opportunistic of candidate Donald Trump.
A rapprochement also supported by the emergence of the PolitiFi. Or how to invest in memecoins Maga (TRUMP) Or Jeo Boden (BODEN) in order to make every campaign promise profitable.
But the volatility of this sector can be double-edged. Especially when the self-proclaimed “president of crypto” candidate is caught red-handed with memecoins. Finally, it would be more precisely (and this remains to be confirmed) his young son Barron Trumpat the origin of the launch of a DJT token deployed on the network Solana.
A simple rumor published at the beginning of the week on the X network by the Pirate Wires account. And that’s alleconomy PolitiFi collapsing…
“According to conversations, Trump is launching an official token – DJT on Solana. Barron is the spearhead. »
Pirate Wires
The Maga memecoin collapses by 50% in a few hours
The territory of the United States is currently the scene of a real Wild West duel on the subject of cryptocurrencies. This is why any new information in the field can make or break fragile promises issued by the candidates concerned.
An exercise led head-on by former President Donald Trump, who recently became the first of its kind to drag an official legal case. But while this conviction had take off the price of the memecoin Maga (TRUMP)the recent DJT token affair seems to have the opposite effect.
Because the simple identification of this DJT token, visibly launched last April, caused a collapse of almost 50% of the TRUMP token. And suffice to say that the impact of this earthquake was felt even more violently on the side of less popular versions of these PolitiFi tokens backed by Donald Trump. Even the Jeo Boden version (BODEN) displays a fallback greater than 20% !
True on-chain discovery or high-flying market manipulation. All doubts are allowed, while Donald Trump’s campaign managers remain – and understandably – totally silent on the subject.
“If the DJT Solana memecoin is fake, whoever propagated it needs to be tarred, feathered, and kicked out of our ecosystem for good. This is how you get the entire industry to look back and signal to the president and his team that we are a liability, not an asset. »
David Bailey, CEO of Bitcoin Magazine
This case highlights the problematic aspects of the monetization of an electoral campaign using memecoins. At the same time, candidate Donald Trump must have seen the value of his portfolio collapse, to the extent that it basically contains millions of dollars in Maga tokens (TRUMP). A matter that we would really like not to have to follow…
