![Trump token dumps 31% despite doubts he’s behind the DJT token Trump token dumps 31% despite doubts he’s behind the DJT token](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDYvYTEyMGU4NDctZThkYy00MDRhLWFlYTktYmZkMTFlMTg4MWE5LmpwZw==.jpg)
Trump token dumps 31% despite doubts he’s behind the DJT token
Trump hasn’t confirmed or denied ties to the DJT token, but a blockchain analytics firm and industry leaders raised doubt that Trump’s team launched it.
MAGA (TRUMP) and other Donald Trump-related memecoins fell more than 30% amid rumors that Donald Trump’s team launched a “official” token on Solana.
“Per conversations, Trump is launching an official token” named TrumpCoin under the ticker DJT, Pirate Wires claimed in a June 17 X post to its 63,800 followers.
Pirate Wires claimed Trump’s 18-year-old son, Barron, was “spearheading” the token.
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Author: Brayden Lindrea