In line with blockchain information, a brand new Solana token named Eric Trump shot up 6,200% in simply 24 hours. It sprang to life on Could 16 through the Pump.enjoyable launchpad and swelled to a market cap of 140 million. Merchants piled in quick, however on‑chain detectives seen greater than 80% of the provision parked in simply 10 wallets. That sort of focus usually alerts a setup for a sudden collapse.
Political Identify Exploitation
Utilizing a properly‑recognized determine’s identify could be a fast technique to seize consideration. Primarily based on studies from Bubblemaps, the token’s ties to “jv7d” on Solana raised purple flags. When insiders maintain many of the cash, they will dump them at will. Retail traders find yourself holding what’s left—and that always means heavy losses.
a rug within the making#ERICTRUMP is presently trending on most platforms. keep away from it. pic.twitter.com/g1KE7wKMCA
— Bubblemaps (@bubblemaps) Could 16, 2025
Warning Indicators On-Chain
Cluster evaluation confirmed the highest 250 holders are linked by a handful of addresses. That sample mirrors the WOLF token, which hit 42 million earlier than plunging to virtually nothing. Analysts say these strikes match the traditional rug‑pull script, the place early backers money out on the peak, then vanish.
Copycat Tokens Multiply
The identical pockets, generally known as “BjTm,” has already launched three different Eric Trump tokens that fizzled shortly. Primarily based on CoinMarketCap information, greater than 736 imitation tokens have been pushed into the official Trump pockets house. Of these, 192 use Trump household names, and 67 declare to be “official.” Even Elon Musk’s identify crops up in no less than 35 of them.
World Political Targets
Scammers aren’t stopping with US figures. In April, the verified X account of UK MP Lucy Powell was hijacked to advertise a pretend Solana token. It tapped into her 70,000 followers and netted simply 225, but it surely confirmed how a trusted badge can idiot folks.
Investor Warning Lights
Primarily based on this sample, analysts urge warning. When a token’s worth spikes with out clear backing—and most cash sit in just a few wallets—that’s a sign to step again. Blind loyalty to a reputation, political or in any other case, can flip into monetary ache.
What Comes Subsequent
As extra political meme cash pop up, the chance grows. Each excessive‑profile identify might grow to be bait. Traders ought to verify who holds the tokens, look ahead to speedy launches on low cost networks like Solana, and needless to say hype can vanish as quick because it seems.
In an area the place hype usually trumps fundamentals, staying alert could be one of the simplest ways to remain afloat.
Featured picture from Unsplash, chart from TradingView
