Eric Trump Token Skyrockets 6.200% – Is a Solana Rug Pull Next

Eric Trump Meme coin rug pull As Eric Trump's name becomes the latest pawn in the meme coin casino, the true story may not be about this particular token's inevitable collapse, but rather how these high-profile political name exploitations are creating a dangerous new intersection between crypto speculation and political tribalism, where blind loyalty to public figures is weaponized into financial self-destruction. Journalist Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in... Author Profile Share Copied Last updated: 17 hours ago Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Key Takeaways: Over 80% of ERICTRUMP supply is concentrated in just 10 wallets, indicating a high risk of insider manipulation. The wallet behind this token has launched multiple failed Eric Trump-themed coins before. Analysts urge extreme caution as evidence points to a possible orchestrated exit scam typical of recent Solana-based meme coin pump-and-dumps. A meme coin using the name of Eric Trump has surged over 6,200% in 24 hours, triggering warnings from blockchain analysts about a potential rug pull. The token launched on May 16 via Solana’s meme coin launchpad Pump.fun. Titled “Eric Trump” (ERICTRUMP) and associated with the address “jv7d”, the token hit a market capitalization of over $140 million within a day, according to... https://cryptonews.com/news/eric-trump-token-6200-percent-surge-solana-rug-pull-risk/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple