TRUMP Meme Coin Fluctuates Dramatically

The TRUMP meme coin experienced a sudden 19% surge before a steep decline due to false reports concerning its real-world utility.

The digital asset rose from $10.4 to $12.4 after DB, a well-known crypto news outlet, announced on X that the TRUMP token would ‘have real utility’ on Thursday.

However, this uptick was short-lived, as a follow-up tweet surfaced just seven minutes later, stating that the account had been compromised. As a result, the TRUMP token’s price dropped to $10.8.

Initially, it was unclear whether the hacking incident was the work of intruders or if DB itself made the second tweet. Observant members of the crypto community noted a grammatical error in the tweet, indicating that the security breach was likely not yet resolved.

Additionally, some users on X reported that DB’s account had spread fake news claiming BlackRock had filed for a spot HYPE ETF.

DB has removed the unauthorized posts and issued a statement instructing users to disregard messages that were posted during the security breach. An investigation is currently underway, and updates will be shared when available.