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

May 16, 2025

, By Cointelegraph

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

May 16, 2025

, Published By Cointelegraph

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…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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