A fake Eric Trump-themed memecoin launched on Solana’s memecoin launchpad Pump.fun, rose more than 6,200% in the past 24 hours, raising red flags among blockchain analysts who warned of a potential rug pull.
A newly-created Eric Trump (ERICTRUMP) memecoin with the token address “jv7d” surpassed $140 million in market capitalization within a day since its launch on May 16, CoinMarketCap data shows.
ERICTRUMP/USD, all-time chart. Source: CoinMarketCap The memecoin’s distribution raises significant red flags that point to a rug pull “in the making,” warned blockchain data plat...
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