In response to blockchain information, a brand new Solana token named Eric Trump shot up 6,200% in simply 24 hours. It sprang to life on Might 16 through the Pump.enjoyable launchpad and swelled to a market cap of 140 million. Merchants piled in quick, however on‑chain detectives observed greater than 80% of the provision parked in simply 10 wallets. That sort of focus typically indicators a setup for a sudden collapse.
Political Title Exploitation
Utilizing a effectively‑identified determine’s identify generally is a fast approach to seize consideration. Based mostly on stories from Bubblemaps, the token’s ties to “jv7d” on Solana raised pink flags. When insiders maintain many of the cash, they will dump them at will. Retail buyers find yourself holding what’s left—and that always means heavy losses.
a rug within the making#ERICTRUMP is at present trending on most platforms. keep away from it. pic.twitter.com/g1KE7wKMCA
— Bubblemaps (@bubblemaps) Might 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 basic rug‑pull script, the place early backers money out on the peak, then vanish.
Copycat Tokens Multiply
The identical pockets, referred to as “BjTm,” has already launched three different Eric Trump tokens that fizzled shortly. Based mostly on CoinMarketCap information, greater than 736 imitation tokens have been pushed into the official Trump pockets area. 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.
International 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 faux Solana token. It tapped into her 70,000 followers and netted simply 225, however it confirmed how a trusted badge can idiot individuals.
Investor Warning Lights
Based mostly on this sample, analysts urge warning. When a token’s worth spikes with out clear backing—and most cash sit in a couple of 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 danger grows. Each excessive‑profile identify may turn into bait. Buyers ought to test who holds the tokens, look ahead to speedy launches on low-cost networks like Solana, and understand that hype can vanish as quick because it seems.
In an area the place hype typically trumps fundamentals, staying alert could be one of the best ways to remain afloat.
Featured picture from Unsplash, chart from TradingView
