New Trump-Themed Malicious Tokens Surge 206% Following Memecoin Launch
The launch of the official memecoin TRUMP by US President Donald Trump has led to a surge in tokens and scams leveraging his name.
Key Developments
- TRUMP token launched, reaching an all-time high (ATH) of $75 shortly after its debut.
- Malicious tokens with "Trump" branding increased by 206% on launch day.
- Daily creation of Trump-themed tokens rose to 6,800, double the usual rate of 3,300.
- Fake decentralized applications (dApps) saw a 14x increase, totaling 91 deployed within 24 hours.
- Related memecoins referencing Melania and Barron surged by 592% over the weekend.
- Melania Trump announced her own memecoin, MELANIA, leading to a 6% market correction and a decline in Bitcoin (BTC) below $100,000.
- During Trump's inauguration, multiple new memecoins were created based on his speech.
- Current price of TRUMP memecoin stands at $37.6, reflecting a 1.4% daily increase.
Investors should exercise caution due to the proliferation of misleading tokens and scams in the market.