Donald Trump Jr. and Eric Trump, sons of former President Donald Trump, cautioned the cryptocurrency community about fraudulent tokens masquerading as ones backed by the family, while assuring that an official Trump project announcement will be made by them.
What Happened: Donald Trump Jr., Trump's eldest son, expressed his appreciation for the community's support towards the Trump family on X on Thursday. However, he also warned against counterfeit tokens claiming to be part of an official Trump project.
"The only official project will be announced directly by us, and it will be fair for everyone. Don't be fooled—stay tuned for the real deal," he said.
Eric Trump echoed his elder brother's warning, urging people to be wary of fake tokens. He reiterated that the official Trump project has not yet been announced.
I love how much the crypto community is embracing Trump. It's absolutely incredible, but beware of fake tokens claiming to be part of the Trump project. The only official project will be announced directly by us, and it will be fair for everyone. Don't be fooled—stay tuned for...
— Donald Trump Jr. (@DonaldJTrumpJr) August 8, 2024
Why It Matters: The Trump brothers' warning follows their recent hints at a significant announcement related to cryptocurrency and decentralized finance (DeFi), sparking widespread speculation and excitement.
"We're about to shake up the crypto world with something HUGE. Decentralized finance is the future, don't get left behind," using the hashtag "BeDeFiant," Donald Trump Jr. posted early Wednesday.
The cryptic social posts triggered conjectures about an official token project from the Trump family. In fact, a Solana (CRYPTO: SOL)-based memecoin Restore The Republic (CRYPTO: RTR), referencing Trump's popular political slogan in this year's election, blasted approximately $150 million in market cap Thursday, only to plummet below $5 million in the following hours, data from price monitoring tool DexScreener showed.
Price Action: At the time of writing, PoltiFi token themed on Trump, Maga (CRYPTO: TRUMP) was exchanging hands at $3.19, down 3.17% in the last 24 hours, and 37% over the week.
Photo by Gage Skidmore on Flickr.
Lawmakers Made Huge Investments This Year. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool
這些神祕的社交帖子引發了人們對特朗普家族官方代幣項目的猜測。實際上，價格監測工具DexScreener的數據顯示，一家總部位於索拉納（加密貨幣：SOL）的模因幣Restore The Restore The Republic（加密貨幣：RTR）引用了特朗普在今年大選中流行的政治口號，週四市值突破了約1.5億美元，但在接下來的幾個小時內跌至500萬美元以下。
Eric Trump echoed his elder brother's warning, urging people to be wary of fake tokens. He reiterated that the official Trump project has not yet been announced.
埃裏克·特朗普回應了他哥哥的警告，敦促人們警惕假代幣。他重申，特朗普的官方項目尚未公佈。
