Donald Trump's influence on the Bitcoin and cryptocurrency industry has led to the emergence of many Trump-themed memecoins.
While the most well-known of these is Trump (MAGA), there are many Trump-focused tokens. One of these is the RTR token.
The Restore the Republic (RTR) token was allegedly linked to Trump, and the RTR price rose and fell rapidly after these claims. Investors said this could be a pump and dump situation, while Trump's son Donald Trump Jr. warned about fake tokens claiming to be Trump projects.
Donald Trump Jr., who participated in a Q&A session on X, said that he respected memecoins but that his project was a “bigger project” compared to memecoins when asked about the memecoin called RTR.
Trump Jr., who said he was happy that the cryptocurrency community had embraced Trump, warned people about fake tokens claiming to be part of the Trump project and announced that the only official project would be announced by the Trump team.
“There's a lot of guys doing great things. I love Memecoins and that culture. I love what those guys are doing with some of my friends.
But I need to make people understand that you can't confuse one thing with another.
That's why people need to be careful with projects.”
Donald Trump's second son Eric Trump said that the RTR token rumor was “absolutely unfounded” and that he did not call RTR a scam, but that it was not related to the RTR token and the project he and Donald Trump Jr. will launch.
*This is not investment advice.