No, Donald Trump did not scam or rug anyone. But his son allegedly backtracked on a token launch in Restore the Republic (RTR), leaving the crypto world shocked.
Allegedly, Eric Trump and his team were supposed to launch a crypto coin. Rumors were it was going to be a RWA project, short for Real World Assets.
In these projects, you can typically invest in something where you gain a share in a real-world asset, such as real estate investments. Things, however, took a different turn of events.
Restore The Republic Launch: Trump supposedly involved
The events turned us to the Kanpai Pandas team flying in to meet Eric Trump to launch a meme coin called Restore The Republic.
It’s apparent that Eric Trump was involved in conversations shared on X. Sadly, those have been deleted since then. The only reason for deleting them could be an upcoming lawsuit.
Within just four hours of trading, as rumors began to spread and chair of Trump Students Ryan Fournier started heavily shilling the coin, it went to a whooping $155M market cap with over $130M volume.
Ryan has since deleted all his tweets. But he made it very clear that even after the rug Don Trump was supposed to acknowledge it officially, Kanpai Pandas CEO Ice Bagz confirmed the same message in his deleted tweets.
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Did they get scammed or fooled?
Friends: Beware of fake tokens! The only official Trump project has NOT been announced! You will hear it here first. https://t.co/33wfKyaMVB
— Eric Trump (@EricTrump) August 8, 2024
Since all tweets have been deleted, Ryan Fournier is clearly backtracking, and Eric Trump is strongly distancing himself, so something must have been up.
Why else would the chair of Trump Students heavily shill it, and a prominent figure in Kanpai Panda CEO Ice Bagz, who is fully doxxed, shill and launch the token? Why are all tweets deleted? Were there really no documents signed to show his affiliation?
The savvy crypto user would know this is not the first or second time the Trump family has been affiliated with supposed involvement in crypto rugs.
Martin Shkreli launched the DJT token just months ago, claiming Barron Trump was involved. This ended completely the same way: everyone denied involvement, and the crypto scene was fully rugged.
Save to say – Stay away from Trump-related projects!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
