Gullible Trump Supporters Lose Millions on Fake $BARRON Meme Coin
Victor Tangermann
created: Jan. 22, 2025, 6:43 p.m. | updated: March 19, 2025, 5:36 p.m.
<p>Family Affair Following the launch of two memecoins named after the president of the United States and the First Lady last week, scammers were happy to follow suit and grift their way to millions of dollars. A fake memecoin named after Trump's youngest son, dubbed Official Barron Meme, took off on Monday, soaring to a valuation of more than $400 million — before crashing by more than 90 percent just minutes later, as Cointelegraph reports. It was a textbook example of a rug pull, with scammers cashing in on the rampant hype and speculation, only to abscond with millions in […]</p>
5 months, 2 weeks ago: Futurism