Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch
The launch of the TRUMP memecoin has led to a surge in tokens and scams associated with Donald Trump and his family. Following the official launch, the number of tokens using the "Trump" name increased by 206%, with malicious tokens reaching 6,800 on the launch day, double the usual rate. The launch also triggered a 14-fold rise in fake decentralized applications (dApps), with 91 malicious dApps deployed in 24 hours. Memecoins referencing the Trump family, including Melania and Barron, surged by 592%. Melania Trump announced her own memecoin, MELANIA, contributing to a 6% market correction. The market saw numerous fake tokens and dApps impersonating Trump family members, capitalizing on the ongoing hype. As of now, the TRUMP memecoin trades at $37.6.
