The fake ERIC Trump theme memo, which began in Solana’s Memecoin Launchpad Pump.fun, has risen more than 6,200% over the last 24 hours, increasing the timely time among blockchain analysts who warned potential rugs.
According to CoinmarketCap Data, the newly created Erictrump Memecoin surpassed the market cap of $ 140 million a day since its launch on May 16.
The distribution of Memecoin raises a significant time to refer to the “creation” rugs warned in the Blockchain Data Platform Bubblemaps on the X POST on May 16.
Rugging pools generally suddenly remove liquidity or mass selling by token insiders, and often generate steep price collapse with non -valuable tokens for retail holders.
Looking at the token cluster of Bubblemaps for 250 largest holders, most of these tokens are maintained over 10 token clusters established with 10 major encryption addresses.
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The token’s ownership pattern is reminiscent of recent Memecoin Todes, including the Wolf Token inspired by the official Melania Meme (Melania) and the co -producer of Libra Token, which was inspired by the Wolf of Wall Street.
More than 82% of WOLF TOKEN’s supply was owned by the same group, which caused 99% of the tokens peaked at a market cap of $ 42 million.
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Eric Trump token distributor made four scam tokens.
The batch behind the fake Eric Trump tokens created three other Eric Trump tokens that failed in the pump.
According to the blockchain data shared by the company, this token is created simultaneously by the Solana blockchain address “BJTM”.
Since the collapse of the Libra tokens, industry watchers are wary of rugging.
https://www.youtube.com/watch?v=ndv0rfehetq
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