In accordance with blockchain knowledge, 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 availability parked in simply 10 wallets. That type of focus usually indicators a setup for a sudden collapse.
Political Identify Exploitation
Utilizing a nicely‑recognized determine’s identify generally is a fast strategy to seize consideration. Primarily based on studies from Bubblemaps, the token’s ties to “jv7d” on Solana raised pink flags. When insiders maintain many of the cash, they’ll 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) Could 16, 2025
Warning Indicators On-Chain
Cluster evaluation confirmed the highest 250 holders are linked by means of a handful of addresses. That sample mirrors the WOLF token, which hit 42 million earlier than plunging to nearly 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, referred to as “BjTm,” has already launched three different Eric Trump tokens that fizzled shortly. Primarily based on CoinMarketCap knowledge, 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 at the least 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 pretend Solana token. It tapped into her 70,000 followers and netted simply 225, nevertheless it confirmed how a trusted badge can idiot individuals.
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 a number 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 chance grows. Each excessive‑profile identify might turn out to be bait. Traders ought to test who holds the tokens, look ahead to fast launches on low cost networks like Solana, and remember that hype can vanish as quick because it seems.
In an area the place hype usually trumps fundamentals, staying alert may be one of the best ways to remain afloat.
Featured picture from Unsplash, chart from TradingView
