Trump token dumps 31% despite doubts he’s behind the DJT token

Trump hasn’t confirmed or denied ties to the DJT token but a blockchain analytics firm and industry leaders raised doubt that it was launched by Trump’s team.

MAGA (TRUMP) and other Donald Trump-related memecoins fell more than 30% amid rumors that Donald Trump’s team launched a “official” token on Solana.

“Per conversations, Trump is launching an official token” named TrumpCoin under the ticker DJT, Pirate Wires claimed in a June 17 X post to its 63,800 followers.

Pirate Wires claimed Trump’s 18-year-old son, Barron, was “spearheading” the token.

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