Trump Token Frenzy Exposed as Scam
The recent market rally surrounding rumors of Trump issuing a new token on the Robinhood chain has come to an abrupt halt after Eric Trump denied the claims.
The TRUMP token briefly broke through $3.4, hitting a new high since March, but the official TRUMP team took advantage of the surge to sell millions of tokens, cashing out over $9.15 million.
The market frenzy began with insider information and on-chain anomalies, fueled by rumors that Trump planned to issue a new token at 2 AM on August 22.
However, as it turned out, the news was spread by 'habitual scammers' and not related to the Trump family's actual plans.