News Explorer — Trump Meme Coin DJT Crashes After Wallet Sells Billions of Tokens

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Aug 6, 7:26 pm

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Trump Meme Coin DJT Crashes After Wallet Sells Billions of Tokens

The Solana-based meme coin TrumpCoin (DJT) has experienced a significant drop in value, losing over 90% of its worth after a large sale of tokens. The sale, which some traders are calling a "rug pull" by developers, caused the token's market capitalization to plummet from $55 million to $3 million in just minutes. The wallet that controlled the tokens sold off 2 billion tokens in one transaction, with the owner being the largest single holder of the meme coin.

The Solana-based meme coin TrumpCoin (DJT) has experienced a significant drop in value, losing over 90% of its worth after a large sale of tokens. The sale, which some traders are calling a "rug pull" by developers, caused the token's market capitalization to plummet from $55 million to $3 million in just minutes. The wallet that controlled the tokens sold off 2 billion tokens in one transaction, with the owner being the largest single holder of the meme coin.

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