Cryptocurrency

Donald Trump

MAGA

Donald Trump Jr.

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/trump-themed-cryptocurrency-plummets-by-95/" data-wpel-link="internal">Trump-themed Cryptocurrency Plummets by 95%</a><br></p>
<p class="p1" style="text-align: justify">A cryptocurrency themed around Donald Trump, Restore the Republic (RTR), fell by 95% after it was revealed to have no connection with the Trump family. RTR’s price initially rose to $0.1490 following a now-deleted post by Students for Trump president Ryan Fournier, who claimed it was a new official Trump token. However, a definitive denial by Eric Trump caused the token to drop shortly afterward.</p> 
<h2 class="p1" style="text-align: justify" id="this-memecoin-dropped-by-95">This Memecoin Dropped by 95%</h2> 
<p class="p1" style="text-align: justify"><strong>DexScreener</strong> data showed that at the time of writing, RTR was trading at $0.0091. Before Trump’s denial, many in the crypto <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener" data-wpel-link="exclude">space</a> feared that Trump’s son might release a <a href="https://en.coin-turk.com/crypto-market-magnet-dogwifhat-surpasses-floki-in-meme-coin-craze/" data-wpel-link="internal">memecoin</a>, especially after he posted a cryptic message on X hinting at working on something related to DeFi. Many analysts warned Trump’s son about this matter.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-378292 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/rtr.png" alt="" width="1179" height="722"></p> 
<p class="p1" style="text-align: justify">Since then, Donald Trump Jr. announced a new decentralized finance platform aimed at addressing inequality in <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">banking</a> access. He shared little about the upcoming <strong>DeFi</strong> platform, only stating that it would take over much of the banking world and that it would take a long time to achieve this.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-378291" src="https://coin-turk.com/wp-content/uploads/2024/08/trump-jr.png" alt="" width="500" height="131"></p> 
<h2 class="p1" style="text-align: justify" id="trump-and-the-crypto-market">Trump and the Crypto Market</h2> 
<p class="p1" style="text-align: justify"><strong>Trump</strong>-related memecoin projects have experienced sharp price drops within hours before. On August 5, during a broader crypto decline dubbed Black Monday, TrumpCoin (DJT) fell from $0.00555 to $0.000229 per token, marking a 95% drop in price.</p> 
<p class="p1" style="text-align: justify">Meanwhile, on July 13, the price of the largest Donald Trump memecoin project, MAGA (TRUMP), surged by over 30% after an assassination attempt on the former U.S. president during a rally in Butler, Pennsylvania.</p> 
<p class="p1" style="text-align: justify">The MAGA memecoin project, available in the Ethereum ecosystem, rose from $6.31 to $10.36 immediately after the assassination attempt, causing its market cap to soar from $293 million to $469 million in less than 45 minutes.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/trump-themed-cryptocurrency-plummets-by-95/" data-wpel-link="internal">Trump-themed Cryptocurrency Plummets by 95%</a></h5>
<p>The post <a href="https://en.coin-turk.com/trump-themed-cryptocurrency-plummets-by-95/" data-wpel-link="internal">Trump-themed Cryptocurrency Plummets by 95%</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Trump-themed Cryptocurrency Plummets by 95%

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