Fake Eric Trump-themed token is ‘rug in the making,’ says Bubblemaps

May 16, 2025

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A fake Eric Trump-themed memecoin launched on Solana’s memecoin launchpad Pump.fun, rose more than 6,200% in the past 24 hours, raising red flags among blockchain analysts who warned of a potential rug pull.

A newly-created Eric Trump (ERICTRUMP) memecoin with the token address “jv7d” surpassed $140 million in market capitalization within a day since its launch on May 16, CoinMarketCap data-ct-non-breakable=”null” href=”https://coinmarketcap.com/dexscan/solana/E8pfa7y6Jeid3kSh8QytqMDxwkyQFAey8Ketmwozudfx/” rel=”null” target=”null” text=”null” title=”null”>data shows.

*ERICTRUMP/USD, all-time chart. Source: CoinMarketCap*

The memecoin’s distribution raises significant red flags that point data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/ny-bill-criminalize-crypto-fraud-rug-pulls-amid-memecoin-scandals” rel=”null” target=”null” text=”null” title=”null”>to a rug pull “in the…

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