• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Barron Trump Meme Coin Accused of Scam After Market Cap Plummets

user avatar

by Giorgi Kostiuk

a year ago

A meme coin named after Donald Trump's youngest son, Barron Trump, has been accused of being a scam following a sharp drop in market cap.

Accusations of Scam Involving Barron Trump Meme Coin

According to crypto expert Nick, the deployment and purchases of the Barron Trump meme coin were staged by linking it to popular addresses, creating a fake impression of official involvement from Trump's team. Initially, the coin's market cap rose to $400 million before plummeting to $84 million. Ford revealed that these transactions actually originate from the creator's wallet, named Barron PF, sparking doubts about the coin's legitimacy.

Suspicion Over Barron Trump's Involvement

Public figures like Martin Shkreli fueled the hype around the coin by linking it to Barron Trump's past behavior. Shkreli noted, 'It’s not about whether the coin is real or not, it’s the optics of it all. Clearly, the market believed it was real enough.'

Barron Trump's Role in Cryptocurrencies

The rise and fall of the BARRON coin follow Melania Trump's launch of her official MELANIA meme coin, leading to speculation about Barron Trump's potential entry into cryptocurrencies. For now, the BARRON meme coin continues to be surrounded by controversy.

Suspicions of scamming surrounding the Barron Trump meme coin persist despite its former popularity and association with the Trump family.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cango's Strategic Shift to AI Computing

chest

Cango is making a strategic pivot into AI computing while continuing its Bitcoin mining operations.

user avatarMaya Lundqvist

Micron MU Stock Declines Amid Samsung Competition

chest

Micron MU stock has declined due to increased competition from Samsung, which is starting large-scale HBM4 chip production this month.

user avatarLeo van der Veen

Solana Experiences Significant Outflows Amid Market Uncertainty

chest

Solana experiences significant outflows amid market uncertainty, with over 1 million SOL leaving centralized exchanges in a 72-hour period.

user avatarLi Weicheng

Solana Faces Critical Support and Resistance Levels

chest

Analysts highlight Solana's struggle between fragile support and overhead resistance, with critical levels identified. Currently, Solana is consolidating around the $83-$87 area, which is viewed as critical short-term support.

user avatarAisha Farooq

Robinhood Reports Fourth Quarter Revenue of $128 Billion

chest

Robinhood reported fourth quarter revenue of $128 billion, a 27% year-over-year increase, but net income fell 33% to $605 million, leading to a 6.5% drop in stock price.

user avatarTenzin Dorje

Robinhood Expands Prediction Markets Amid NFL Season

chest

Robinhood has expanded its prediction market offerings to allow customers to make parlay-like bets, capitalizing on the surge in gambling during the NFL postseason.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.