Is this the worst invest of your life? 😂 The Eric Trump Meme Coin fad might just be a walking disaster!

In what could only be described as a masterclass in financial folly, a new cryptocurrency supposedly linked to Eric Trump has spectacularly skyrocketed by an eye-watering 6,200% since its début last week on Pump.Fun—home of countless memecoins that are as trustworthy as a fox in a henhouse. Apparently, this digital wonder hit a staggering $140 million valuation faster than you can say “ponzi scheme,” according to CoinMarketCap. Bravo! 🎉

This absurd surge has raised eyebrows within the leather-bound corridors of the blockchain establishment, who suspect that our recent darling is destined for a classic “rug pull”—the kind where the schemers make off with the loot, leaving investors clutching their empty wallets and bitter regrets. It’s a scammy little ballet where liquidity vanishes faster than your paycheck after a night at the casino.

Enter Bubblemaps, whose eagle eye detected a suspicious cluster of ownership—ten addresses dominating the top 250 wallets, holding their coins as if they’d discovered the Fountain of Youth. They ominously predicted that this is “a rug pull in the making.” How reassuring! 💼

The ownership scheme mirrors that of the infamous WOLF token—an earlier disaster whose creators, it appears, have been busy rebranding their scams. The same crowd also conceived the Melania Memecoin and the ill-fated LIBRA project, which spectacularly evaporated, taking $4 billion with it, in a blur of insider wallets. The WOLF token soared to a $42 million market cap before crashing down faster than a souffle in a hurricane, mostly because one keystone holder had over 82% of the shares. Classic.

The sorry saga continues, with the creator of ERICTRUMP having previously attempted—and failed—to launch other Eric Trump tokens on Pump.Fun, much like a down-and-out magician trying new illusions. A keen-eyed researcher at Bubblemaps revealed that the same deployer is behind three more flops, each of which flopped harder than the last, catching the attention of Cointelegraph and forming yet another chapter in this riveting tragedy.

This chaos is set amidst cries of alarm from investors and industry watchdogs alike, recalling Argentina’s calamitous LIBRA venture—an infamous brainchild of their president that drained a staggering $4 billion in a matter of hours. Solidus Labs recently labeled 98% of Pump.Fun’s tokens as “scam” material, elevating fears that our Eric Trump meme coin is just the latest in a long line of digital con jobs. Stay vigilant, or you might end up holding nothing but digital dust! 😅

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2025-05-16 22:54