Watch Out: Scam Suspicion on Memecoin that Suddenly Got Popular Today

Kanpai Labs, the company behind the famous NFT project Kanpai Pandas, appears to be linked to RTR, a new Trump-themed memecoin.

The coin, which launched today, has garnered a lot of attention amid excitement over a new DeFi project being launched by Trump’s sons, although it’s unclear whether the project has any connection to Trump.

RTR coin gained further attention after being promoted on Twitter by popular influencers such as Ponzi Trader and SizeChad. However, further investigation revealed a potential connection that has raised suspicion within the cryptocurrency community.

Google records show that the coin’s website is advertised by Kanpai Labs LLC, the same organization behind the Kanpai Pandas NFT project. This disclosure has led to speculation that Kanpai Labs may be involved in the creation or promotion of RTR. While it’s possible that the team behind Kanpai Labs is collaborating with the Trump team, this connection raises questions about the legitimacy of the newly launched token.

Notably, the ad promoting RTR was removed shortly before this story was published.

*This is not investment advice.