Unofficial Barron Trump memecoin rose to $460 million market cap before crashing 95%

theblock.co 20/01/2025 - 13:31 PM

Barron Trump Memecoin Surges and Sinks

A memecoin named after Barron Trump experienced a dramatic rise to a $460 million market cap fueled by unfounded rumors suggesting it was launched by him. However, when no verifiable evidence surfaced, the token’s value plummeted.

A recently created X account, elonsfeed99, linked the memecoin to a launchpad profile on Pump.fun, speculating it was connected to Barron Trump. They suggested, “It’s clearly made by one of their friends, with deep pockets. I believe that friend can only be the elusive Barron Trump.”

This suggestion gained traction across social media, causing the token to reach its peak market cap in just five hours.

![The token peaked at $460 million market cap.](Image: Pump.fun)

The profile had also introduced several unofficial memecoins, purporting to be official memes for personalities like Ronaldo, Johnnie Walker, and Kai Trump.

Conor Grogan, head of product business operations at Coinbase, unearthed a connection between the Barron memecoin and something associated with the Trump family, pointing out that someone who purchased a large quantity of the memecoin used the same KuCoin deposit address as the creator of the MELANIA token. Grogan stated, “There is a lot we don’t know; at the extreme, that means that the Melania creator also purchased this token. At the very least it means that someone who knows the creator (and has sent significant money to them) purchased the token.”

The launch of the Barron memecoin coincided with Donald Trump and Melania Trump releasing their own memecoins recently. While Donald Trump’s coin peaked at a $13.5 billion market cap, Melania Trump’s token subsequently caused a significant dip in Donald’s token value.

Update: Added comments from Conor Grogan.




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