Eric Trump Debunks Restore The Republic Token, Urges Investors to Beware of Scammers
- WBOYOriginal
- 2024-08-09 06:32:11502browse
Another day, another rug pull. One Restore The Republic (RTR) token, rumored to be Trump's official cryptocurrency, left speculative investors gasping after developers crashed the project.
Donald Trump’s second son has swiftly debunked any connections between the Trump family and a viral token dubbed “Restore The Republic.” The token crashed in a rug pull on Aug. 9.
Another day, another rug pull. One Restore The Republic (RTR) token, rumored to be Trump's official cryptocurrency, left speculative investors gasping after developers crashed the project.
The token launched on Aug. 8, and the leading consensus was that Kanpai Labs, an NFT project, made it as a Trump memecoin. Due to heavy social media promotions, known as shilling in Web3, RTR climbed to a $150 million market cap in under 12 hours.
Within minutes, it crumbled below $10 million in an apparent rug pull on the Solana (SOL) blockchain. Eric Trump's X post denying his father's involvement coincided with RTR's nosedive.
This is absolutely false https://t.co/qmv2AKeUYD
Several Trump-related memecoins have launched this cycle as an intersection between U.S. politics and cryptocurrencies emerged. Most of these tokens crashed, like countless other memecoins this year.
As crypto news reported, Trump is also expected to share a “huge announcement,” which may be a real-world asset project. Donald Trump Jr. urged crypto investors to stay vigilant against scammers amid the debacle, reminding the public that only the Trump family would reveal the authentic Donald Trump crypto play.
I love how much the crypto community is embracing Trump. It’s absolutely incredible, but beware of fake tokens claiming to be part of the Trump project. The only official project will be announced directly by us, and it will be fair for everyone. Don't be fooled—stay tuned for
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