It is rumored that Trump officially issued DJT on the Solana chain! TRUMP Meme Coins plunged after hearing the news

The U.S. presidential election will be officially held on November 5 this year. Former U.S. President Donald Trump, who represents the Republican Party, has frequently publicly supported cryptocurrency in recent times to win over voters in the currency circle. Votes, this is also the Trump series of Meme coins that have skyrocketed. However, there are recent rumors on the Internet that Trump has issued an official token.

Pirate Wires, a technology media with 60,000 fans, tweeted on the 18th that, based on conversations that have taken place, Trump has officially issued the official token Trump Coin (DJT) on Solana, also calling Trump Trump’s 18-year-old son, Barron Trump, leads the development of the token.

However, the Trump team has not publicly confirmed the issuance of tokens. Blockchain data company Bubblemap also analyzed that DJT cannot be related to Trump because about 67% of the DJT supply is concentrated in one group. Among them, 43% of the total supply is in the centralized liquidity pool of Solana ecological automated market maker Raydium.

Nonetheless, as soon as the rumors came out, Geckoterminal data showed that DJT, which was launched on April 22 and had been performing sluggishly before, the currency price soared 555% to $0.03454 in the past 24 hours after hearing the news, and the single-day trading volume Reaching US$226 million, the market value has reached US$347 million.

At the same time, TRUMP and other Trump series meme coins that have nothing to do with Trump himself plummeted collectively. TRUMP, the leader of Trump Meme coins, plummeted 46% in a single day to $6.12. Other small-market Trump coins The decline of Meme coins was equally astonishing, and TREMP also plummeted 40% in a single day.

Pirate Wires says it has sources

Mike Solana, chief marketing officer of venture capital firm Founders Fund and editor-in-chief of Pirate Wires, later tweeted to clarify that he "did not speak directly to Trump," saying that he specifically Trump "may rug pull, or turn around and say this is not true," but he emphasized that there were indeed sources telling him that Trump issued the currency, and he was only reporting what he knew.

The cryptocurrency community is generally skeptical of the report. Ryan Selkis, founder of the cryptocurrency data research organization Messari and a Trump supporter, said that he is not 100% sure that the Trump Meme Coin is real. , or just operations, he thinks the odds are 50-50.

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