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Home CRYPTO

Fake Barron Trump Memecoin Crashes 95%: Investors Lose Millions

by Sham
January 21, 2025
in CRYPTO, FEATURED, FINANCE
Reading Time: 2 mins read
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  • The Barron Trump memecoin surged to a $460M market cap before crashing 95% after rumors linking it to Barron were debunked.
  • False claims tied the token to the Trump family, but it was created by a group behind unauthorized celebrity-themed coins.
  • The hype-driven rise and fall of the coin highlight the volatility and unpredictability of the memecoin market.

A new memecoin named after Barron Trump recently stirred up excitement in the crypto community, surging to a staggering $460 million market cap within hours of its launch. However, the frenzy was short-lived as speculation linking the token to Barron Trump was debunked, causing the coin’s value to plummet by 95%.

JUST IN: A fake Barron Trump Solana meme coin $BARRON just pumped to $73 million in market cap in 7 minutes

It then rugged and dumped 99% in a matter of seconds

Cointelegraph even posted it as "the Official Barron meme" 💀 pic.twitter.com/GErmNckr2x

— BlockNews (@blocknewsdotcom) January 21, 2025

The Frenzy Fueled by False Claims

The hype began when an unverified user posted on X, claiming the memecoin was created by Barron Trump and sharing convincing blockchain details. The rumor spread like wildfire, leading to a massive price surge as the idea of a Trump-family-backed crypto gained traction. However, it was later revealed that the token was tied to a group known for creating unauthorized celebrity-themed coins, not Barron Trump.

Trump Family’s Memecoin Craze

This isn’t the first Trump-related crypto buzz. Donald Trump’s token, TRUMP, reached a market cap of $13.5 billion, followed by Melania Trump’s token, MELANIA, which caused TRUMP’s value to halve upon its release. These episodes underline the unpredictable and hype-driven nature of the memecoin market.

Lessons from the Barron Coin Crash

The rapid rise and fall of the Barron Trump memecoin highlight the volatility of the crypto space, where rumors can inflate prices, but a lack of substance leads to dramatic crashes. It’s a cautionary tale about how sentiment can quickly shift in this speculative market.

Tags: Barron TrumpBlockchaincryptoDonald TrumpTrump
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