In keeping with blockchain knowledge, a brand new Solana token named Eric Trump shot up 6,200% in simply 24 hours. It sprang to life on Might 16 by way of 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 type of focus typically indicators a setup for a sudden collapse.
Political Title Exploitation
Utilizing a nicely‑identified determine’s title is usually a fast technique to seize consideration. Based mostly on studies from Bubblemaps, the token’s ties to “jv7d” on Solana raised pink flags. When insiders maintain a lot of the cash, they’ll 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) Might 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 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 rapidly. Based mostly on CoinMarketCap knowledge, 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 title 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 faux 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
Based mostly 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 danger grows. Each excessive‑profile title might turn out to be bait. Traders ought to verify who holds the tokens, look ahead to speedy launches on low-cost networks like Solana, and remember the fact that hype can vanish as quick because it seems.
In an area the place hype typically trumps fundamentals, staying alert could be the easiest way to remain afloat.
Featured picture from Unsplash, chart from TradingView
