Trump-Themed Crypto Coin Crashes 95% After Clarification from Eric Trump
The 'Restore the Republic' token soared to $155 million before plummeting when it was revealed as unofficial.
- Eric Trump confirmed that the 'Restore the Republic' coin is not an official Trump project.
- The token's value surged to $155 million but collapsed by 95% within hours.
- Speculation was fueled by cryptic tweets from Eric Trump and Donald Trump Jr. about a major crypto announcement.
- Early investors made quick profits, selling $4 million worth of tokens before the crash.
- The incident highlights risks in the memecoin market, where scams and 'rug pulls' are common.