TechFlow reported on August 9 that the Kanpai Pandas NFT collection's floor price plummeted after its team was accused of promoting the Trump-themed token "Restore the Republic (RTR)," according to Cointelegraph. Data from NFT marketplace Blur showed that the floor price of the Kanpai Pandas series dropped by 37.44% within 24 hours and declined 40.13% over the past seven days, falling from 0.775 ETH on August 8 to a low of 0.42 ETH on August 9—a 45% decrease. The current floor price stands at 0.46 ETH, approximately $1,220.
The price drop is widely attributed to Kanpai Pandas founder "Ice Bagz" and his team allegedly endorsing the RTR token, which claimed to be the "official" Trump token. However, Eric Trump firmly denied any association between the token and his family. Following this denial, the RTR token’s value crashed by 95%, sparking community backlash against the Kanpai Pandas team.
After the Trump family’s rejection of RTR, Ice Bagz issued a vague response, thanking those who supported him during the controversy. Community members expressed anger toward Bagz, accusing him of misleading followers into buying before posting, and criticized his team for portraying themselves as "victims" after the incident. Meanwhile, one user commented: "If you're already building a successful project, don't become a scammer."
Previous report: Donald Trump Jr. clarified his relationship with the memecoin Restore the Republic (RTR) during a livestream, denying any affiliation with the RTR token.
