Bubblemaps: DJT is not associated with Trump, and 67% of its volume is in one cluster

On June 18th, according to analysis by blockchain data company Bubblemaps, the rumored token DJT issued by Trump is actually not related to him. It points out that about 67% of DJT's supply is concentrated in one cluster, and 43% of the total supply is on the Solana ecosystem's automated market maker Raydium. CoinGecko data shows that despite widespread skepticism, within just four hours of the rumor spreading, the TRUMP price fell by 31%, temporarily reporting at $8.1, with a market value evaporating over $150 million. Other small-cap Trump-themed meme coins fell even more, such as TREMP, which fell from $0.95 to $0.6, a drop of 36.8%, to temporarily report at $0.6971.