Suspicious Eric Trump Memecoin Sparks Rug Pull Fears
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A token purportedly linked to Eric TRUMP surged 6,200% within days of its launch on Pump.Fun, a platform notorious for memecoin listings. At its peak, the project reached a $140 million valuation—fueling concerns of an impending rug pull. Blockchain analysts at Bubblemaps identified alarming concentration among a handful of wallets, suggesting potential market manipulation.
Rug pulls—where developers drain liquidity and abandon investors—remain a persistent threat in the unregulated memecoin sector. The token’s parabolic rise and opaque ownership structure mirror classic pump-and-dump schemes. Market participants are advised to exercise extreme caution with speculative assets lacking fundamental utility.
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