Meme tokens with Trump references fell by 30% amid rumors of an official politician’s coin issue
The team of the former US president has not confirmed the news
18.06.2024 - 10:25
722
3 min
0
What’s new? Meme tokens using former US President Donald Trump as a mascot, such as MAGA (TRUMP), has collapsed by more than 30% amid rumors that the politician’s team launched an official TrumpCoin token with the ticker DJT on the Solana blockchain. This was reported by Pirate Wires, citing sources, adding that the initiator of the creation of the asset allegedly became the son of the politician Barron Trump.
What else is known? At the same time, Donald Trump’s team has not officially confirmed the launch of the token, and experts of the analytics blockchain platform Bubblemaps believe that DJT is in no way connected with the politician. They specified that 43% of the total supply of the asset was on the decentralized exchange (DEX) Raydium in the Solana network.
As a result, amid the rumors, the TRUMP token fell in price by 31% and its capitalization decreased by more than $150 million. The Donald Tremp (TREMP) meme token, also hosted on Solana, lost 36% of its value to $0,6, but then partially recovered. The MAGA Hat (MAGA) asset also lost 9,3%.
Notably, the rate of the meme token referring to the current president Jeo Boden (BODEN) also fell by 22%.
In general, the capitalization of political tokens (PolitiFi) fell by 28,2% over the day and reached $1,1 billion.
FreeTrump token rises by 576% after Trump’s guilty plea to forgery charges
Overall, the capitalization of the political meme token sector grew by 5,9% overnight
In turn, the market capitalization of DJT rose to $120 million, although its connection to Trump remains unconfirmed.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$59 554
BTC
-1.98%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.03
XRP
-3.54%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.073942
DOGE
-1.77%
-
Zcash
$404.39
ZEC
-1.37%
-
Stellar XLM
$0.175031
XLM
-5.92%
-
Cardano
$0.142104
ADA
-2.47%
-
Polkadot
$3.32
DOT
+5.27%