Eric Trump Token Skyrockets 6,200% – Is a Solana Rug Pull Subsequent

Key Takeaways:

• Over 80% of ERICTRUMP provide is concentrated in simply 10 wallets, indicating a excessive danger of insider manipulation.
• The pockets behind this token has launched a number of failed Eric Trump-themed cash earlier than.
• Analysts urge excessive warning as proof factors to a potential orchestrated exit rip-off typical of current Solana-based meme coin pump-and-dumps.

A meme coin utilizing the title of Eric Trump has surged over 6,200% in 24 hours, triggering warnings from blockchain analysts a few potential rug pull.

The token launched on Might 16 through Solana’s meme coin launchpad Pump.enjoyable. Titled “Eric Trump” (ERICTRUMP) and related to the deal with “jv7d”, the token hit a market capitalization of over $140 million inside a day, based on CoinMarketCap.

Nevertheless, behind the hype, on-chain investigators are elevating critical issues. Analysts from Bubblemaps flagged suspicious pockets exercise tied to the token, with greater than 80% of the provision reportedly concentrated in simply 10 wallets.

“The token’s distribution raises vital crimson flags that time to a rug pull within the making,” Bubblemaps stated in a Might 16 put up on X.

Bubblemaps Warns of Suspicious Pockets Clusters Behind $140M ‘Eric Trump’ Token

A rug pull refers to a typical crypto rip-off the place insiders drain liquidity or unload giant holdings, crashing the value and leaving retail traders holding nugatory tokens.

Bubblemaps’ cluster evaluation confirmed that the highest 250 ERCITRUMP holders are largely linked by 10 crypto addresses. That sample, analysts say, mirrors the collapse of different current meme cash.

One instance is the WOLF token, created by Hayden Davis, the co-creator of the Melania Trump-themed MELANIA token, which noticed 82% of its provide held by one entity. That venture peaked at $42 million earlier than plummeting 99% in worth.

The pockets behind the faux Eric Trump token recognized as “BjTm” on the Solana blockchain was additionally discovered to have launched not less than three different failed Eric Trump tokens on Pump.enjoyable, additional fueling skepticism.

“That is changing into a well-recognized sample,” one Bubblemaps investigator stated, referencing the velocity and similarity of current meme coin launches that collapsed shortly after rising.

To this point, there’s no public remark from Eric Trump, and the token doesn’t seem to have any official affiliation with him. The fast rise and extremely concentrated token possession are elevating eyebrows throughout the crypto neighborhood, particularly as meme coin hypothesis continues to run sizzling on Solana.

Analysts are urging traders to be cautious, warning that the present exercise might be main as much as a large-scale exit by the token’s insiders.

Wave of Pretend Political Tokens Exploits Public Figures as Solana Scams Surge in 2025

The explosive rise of a faux Eric Trump token on Solana is simply the most recent in a long-running sample of crypto scams focusing on political figures to take advantage of their affect, and the Trump household’s lively presence within the house seems to be fueling it.

For the reason that high-profile launches of $TRUMP and $MELANIA, the crypto sector has seen an explosion of politically themed tokens.

In line with a Monetary Instances report, over 736 imitation tokens have been deposited into the official Trump pockets, presumably to confuse traders or make fraudulent cash seem endorsed by the president.

A more in-depth look exhibits that 192 tokens now use Trump household names, 67 of which falsely model themselves as “official.” Some even lengthen the deception to Trump allies, like Tesla CEO Elon Musk, whose title seems in not less than 35 newly launched tokens.

Whereas political meme cash have introduced crypto additional into the mainstream, they’ve additionally opened the floodgates for unhealthy actors. Public figures throughout the globe have turn out to be frequent targets.

In April, UK Labour MP Lucy Powell’s verified X account was hijacked to advertise a bogus Solana-based token, the “Home of Commons Coin.”

Regardless of a fast takedown, the put up leveraged Powell’s official crest and almost 70,000 followers to lend credibility. It netted solely £225 in revenue, however illustrated how simple it’s for scammers to hijack public belief.

Comparable incidents have hit political figures in Argentina, Ghana, and the Philippines, whereas journalists and crypto media accounts like Watcher.Guru have additionally been compromised.

The strategies stay constant: phishing, account takeovers, and flashy promotions that exploit followers’ belief.

As movie star and political endorsements proceed to bleed into Web3, analysts warn that each high-profile token is now a possible launchpad for deception.

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