TechFlow news, according to Cointelegraph, blockchain data firm Bubblemaps has analyzed that the token DJT rumored to be issued by Trump is actually not associated with him. It points out that approximately 67% of the DJT supply is concentrated in one cluster, with 43% of the total supply located on Raydium, an automated market maker within the Solana ecosystem.
CoinGecko data shows that despite widespread skepticism, within just four hours after the rumor emerged, the price of TRUMP dropped by 31%, currently at $8.1, wiping out over $150 million in market value. Other small-cap Trump-themed meme coins fell even more sharply; for example, during the same period, TREMP dropped 36.8% from $0.95 to $0.6, currently at $0.6971.
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