![Donald Trump to back Solana network-based meme token $DJT: Rumour 2 Donald Trump to back Solana network-based meme token $DJT: Rumour 2](https://cryptonews24.eu/wp-content/uploads/2024/05/Donald-Trump.jpeg)
Reportedly former US president Donald is planning to support the $DJT meme token.
Donald Trump is currently busy with the US presidential election campaign, gaining significant support from both crypto and non-crypto communities. Recently, he has shown strong support for Bitcoin and cryptocurrencies, positioning himself as a crypto-friendly candidate in the 2024 election, driven by political competition.
On 18 June 2024, In a surprising turn of events, a Solana-based meme coin called TrumpCoin (DJT) surged by over 368% in the last 24 hours.
Today the trade price of this meme token hits about $0.025.
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Ryan Selkis, the CEO and founder of Messari crypto, issued a strong warning to investors, hinting that the Federal Reserve (FED) could potentially be linked to the account.
Selkis expressed uncertainty about the legitimacy of the Trump memecoin, estimating a 50-50 chance that it might be a setup or operation.
He offered to assist those who contacted them with legal and business introductions but refused any compensation because they suspected the person who approached them might be a federal agent. The Messari founder advises others to stay safe.
However, the trade price of this new Trump-inspired meme surged rapidly but simultaneously the trade price of other Trump-inspired meme tokens plummeted badly.
The Ethereum-based Trump-inspired meme token MAGA (TRUMP) coin dropped over 36% in the last 24 hours to around $6.87.
Another Trump-themed coin, MAGA Again (MAGAA), also fell by more than 47%, now trading at about $0.013.
People need to understand that Trump does not officially support any of these crypto tokens. Be cautious before investing in such tokens.
Read also: Cardano founder’s pig-inspired meme token secures $1 million valuation
Donald Trump to back Solana network-based meme token $DJT: Rumour
https://bitcoinik.com/donald-trump-to-back-solana-network-based-meme-token-djt-rumour/feed/
https://bitcoinik.com/donald-trump-to-back-solana-network-based-meme-token-djt-rumour/feed/