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Cryptocurrency News Articles
An Eric Trump named meme coin is trending on social media and the crypto market
May 16, 2025 at 11:24 pm
Eric Trump Never Launched ERICTRUMP Meme Coin
The crypto market has seen its fair share of meme coins, and recently, an Eric Trump named token went viral on social media for a nearly 8500% rally in 24 hours, but it all came crashing. However, unlike the Official Trump and Official Melania meme coins, which were also regarded with the scam allegation due to alleged insider trading, the case is different here.
Why? Let’s discuss.
Eric Trump Named Meme Coin Rallied 8481% Before Collapsing 99%
A new meme coin has gone viral on social media for a massive price rally of over 8400% in a single day. The token, named after Eric Trump, is the third child of the US President.
While Donald Trump and First Lady Melania also have meme coins launched in their names, which were regarded with the scam allegation due to alleged insider trading, the case is different here.
Eric Frederick Trump is an American businessman and is also present in CoinDesk’s Consensus 2025, which is on its final day of events. Meanwhile, he is involved in the crypto event.
An anonymous developer has launched a meme-themed coin in his name, which has gone viral. Despite no official confirmation from Eric Trump about launching any token, people jumped on the opportunity.
According to data available on CoinMarketCap, the price of ERICTRUMP shot up by 8481% in the last 24 hours, reaching $0.00001974 at press time.
However, the token’s market cap is just $19.66k, and the daily trading volume is less than $2k, which indicates that there are no traders in the market now.
Moreover, the token price crashed by 99% in the last 24 hours, and it seems that this meme coin is a potential rug pull scam in making, as per Bubblemaps, a chain analytics platform.
Highlighting an image of its network activity, Bubblemaps highlighted that there are several red flags in this trending meme coin.
The small number of wallets hold most tokens, and there are multiple connected clusters, which indicates the possibility of Eric Trump coin price manipulation and a potential rug pull scam.
And the 99% price crash further confirms such allegation.
Another crypto analyst highlighted that there are only developer wallets in the transaction history, where buying is less and selling is more.
Experts have advised investors to monitor the trending meme coin further and ignore it instead of jumping into any trade.
Frequently Asked Questions (FAQs)
1. Is the Eric Trump meme coin legitimate?
2. Is ERICTRUMP coin a scam?
3. How is this meme coin trading now?
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