Trump-Linked Memecoin RTR Dips 95% After Eric Trump Denies Token

/ Crypto / By

Donald Trump-themed memecoin “Restored Republic”Real-time transmission rate) plunged 95% on negative news that had nothing to do with Donald Trump. RTR’s price rose to $0.1490 following a now-deleted post by Ryan Fournier, president of Students for Trump.

Fournier claims that RTR is Trump’s New Official TokenHowever, Donald Trump’s son Eric Trump denied any Affiliations Between the Trump family and RTR.

RTR in the red as Eric Trump denies any involvement with RTR tokens

Eric Trump shared on August 6 A post X said: “I’m really in love with crypto/DeFi. Stay tuned for important announcements…”

In another postal On August 7, he wrote, “Friends: Beware of fake coins, Trump’s only official project has yet to be announced! You will hear it here first.”

The next day, August 8, Ryan Fournier, president of Students for Trump, posted a post on X (now deleted) claiming that RTR was related to Trump, causing the price of the coin to surge.

However, Eric shared another X Posts The same day pointed out The coin has nothing to do with Trump. Eric Trump’s denial caused RTR to lose nearly all of its initial gains as holders sold tokens.

The price of RTR is 0.0073 USD, And it has dropped significantly in the past 24 hours.After his post, cryptocurrency traders Kallio Eric was advised not to issue the token, arguing that such an attempt could affect Donald Trump’s chances of winning the US election.

Another X user, SlumDOGE Millionairewho also holds a similar view to Kaleo, urged Eric not to launch the token There won’t be any good results.

Donald Trump Jr. Responds to Memecoin Launch Rumors

Donald Trump Jr. Early hint At the time of release A big event in the crypto worldpraising decentralized finance as the future.

However, in An interview On August 9, Donald Trump Jr. confirmed that he would not launch a memecoin. He said the plan is to launch a larger crypto platform to compete with the traditional banking system.

Trump Jr. wants to challenge the inequality of the banking system, he claims Only certain groups of people can get financing.

As a result, he will eventually unveil plans for a decentralized finance crypto platform. However, he urged the online community Avoid fake tokens Claims to be part of Trump’s project.

In addition, Donald Trump Jr. Disclosure The official will announce the project through formal channels and promise that the project will be fair to all participants.

Trader Carver replied to his post ten Point out that Donald Trump Jr.’s performance was impressive. Ongoing Cryptocurrency Journey.

However, Carver believe All crypto tokens except Bitcoin are 100% fiat scams because they are not finite or decentralized. He urged Donald Trump Jr. to study the history of currency, fiat money and Bitcoin to better understand the situation.

Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.

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