Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap?
The post Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap? appeared on BitcoinEthereumNews.com. According to blockchain data, a new Solana token named Eric Trump shot up 6,200% in just 24 hours. It sprang to life on May 16 via the Pump.fun launchpad and swelled to a market cap of 140 million. Traders piled in fast, but on‑chain detectives noticed more than 80% of the supply parked in just 10 wallets. That kind of concentration often signals a setup for a sudden collapse. Political Name Exploitation Using a well‑known figure’s name can be a quick way to grab attention. Based on reports from Bubblemaps, the token’s ties to “jv7d” on Solana raised red flags. When insiders hold most of the coins, they can dump them at will. Retail investors end up holding what’s left—and that often means heavy losses. a rug in the making#ERICTRUMP is currently trending on most platforms. avoid it. pic.twitter.com/g1KE7wKMCA — Bubblemaps (@bubblemaps) May 16, 2025 Warning Signs On-Chain Cluster analysis showed the top 250 holders are linked through a handful of addresses. That pattern mirrors the WOLF token, which hit 42 million before plunging to almost nothing. Analysts say these moves fit the classic rug‑pull script, where early backers cash out at the peak, then vanish. Copycat Tokens Multiply The same wallet, known as “BjTm,” has already launched three other Eric Trump tokens that fizzled quickly. Based on CoinMarketCap data, more than 736 imitation tokens have been pushed into the official Trump wallet space. Of those, 192 use Trump family names, and 67 claim to be “official.” Even Elon Musk’s name crops up in at least 35 of them. Global Political Targets Scammers aren’t stopping with US figures. In April, the verified X account of UK MP Lucy Powell was hijacked to promote a fake Solana token. It tapped into her 70,000 followers and netted just 225, but it showed…
The post Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap? appeared on BitcoinEthereumNews.com.
According to blockchain data, a new Solana token named Eric Trump shot up 6,200% in just 24 hours. It sprang to life on May 16 via the Pump.fun launchpad and swelled to a market cap of 140 million. Traders piled in fast, but on‑chain detectives noticed more than 80% of the supply parked in just 10 wallets. That kind of concentration often signals a setup for a sudden collapse. Political Name Exploitation Using a well‑known figure’s name can be a quick way to grab attention. Based on reports from Bubblemaps, the token’s ties to “jv7d” on Solana raised red flags. When insiders hold most of the coins, they can dump them at will. Retail investors end up holding what’s left—and that often means heavy losses. a rug in the making#ERICTRUMP is currently trending on most platforms. avoid it. pic.twitter.com/g1KE7wKMCA — Bubblemaps (@bubblemaps) May 16, 2025 Warning Signs On-Chain Cluster analysis showed the top 250 holders are linked through a handful of addresses. That pattern mirrors the WOLF token, which hit 42 million before plunging to almost nothing. Analysts say these moves fit the classic rug‑pull script, where early backers cash out at the peak, then vanish. Copycat Tokens Multiply The same wallet, known as “BjTm,” has already launched three other Eric Trump tokens that fizzled quickly. Based on CoinMarketCap data, more than 736 imitation tokens have been pushed into the official Trump wallet space. Of those, 192 use Trump family names, and 67 claim to be “official.” Even Elon Musk’s name crops up in at least 35 of them. Global Political Targets Scammers aren’t stopping with US figures. In April, the verified X account of UK MP Lucy Powell was hijacked to promote a fake Solana token. It tapped into her 70,000 followers and netted just 225, but it showed…
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