{"id":15977,"date":"2024-08-09T15:51:45","date_gmt":"2024-08-09T12:51:45","guid":{"rendered":"https:\/\/forklog.com\/en\/token-rtr-plummets-95-following-trump-family-denial\/"},"modified":"2024-08-09T15:51:45","modified_gmt":"2024-08-09T12:51:45","slug":"token-rtr-plummets-95-following-trump-family-denial","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/token-rtr-plummets-95-following-trump-family-denial\/","title":{"rendered":"Token RTR Plummets 95% Following Trump Family Denial"},"content":{"rendered":"<p>The cryptocurrency Restore the Republic (RTR), dedicated to Donald Trump, saw a 95% drop from its peak after the former president&#8217;s family denied any involvement in the project.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXeNqlMCHc0Lf_pfkPaPs3aUtn8VZU7q0VyR9IB4jL3M143Ng6c_Pp7-VH6EbMUtIyVqN6w8XyzzqoNmS7qbh1mFbKDtIqSTsHS86JrUTegGXls9JdnpgT1a-9Fe4cGlUPhfnRat2nhPPLMa_FZC9MyMaS5S?key=j_nbbaB49wQD2LV1bbCbxQ\" alt=\"Token RTR Plummets 95% Following Trump Family Denial\"\/><figcaption class=\"wp-element-caption\">15-minute chart of RTR\/USD on Raydium exchange. Data: <a href=\"https:\/\/dexscreener.com\/solana\/etaxfze3wxwapih8nho7ldlgpt5yc5ngkbpz286ilffu\">DEX Screener<\/a>.\u00a0\u00a0<\/figcaption><\/figure>\n<p>Initially, the price of RTR soared to $0.0027 following a now-deleted suggestion by Students for Trump chairman Ryan Fournier about the project&#8217;s connection to the politician.\u00a0<\/p>\n<p>However, after Eric Trump dismissed the rumors as false, the asset&#8217;s price plummeted to $0.000068, and its market capitalization fell from $2.7 million to $67,000.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is absolutely false <a href=\"https:\/\/t.co\/qmv2AKeUYD\">https:\/\/t.co\/qmv2AKeUYD<\/a><\/p>\n<p>\u2014 Eric Trump (@EricTrump) <a href=\"https:\/\/twitter.com\/EricTrump\/status\/1821606887806406671?ref_src=twsrc%5Etfw\">August 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The community also began targeting members of the NFT project Kanpai Pandas team, suspecting them of promoting the token on X before the denial.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">the advertiser pushing the link before the coin came out was Kanpai labs <a href=\"https:\/\/t.co\/2y91RWT5UX\">pic.twitter.com\/2y91RWT5UX<\/a><\/p>\n<p>\u2014 ???? (?,?) (@0xArch) <a href=\"https:\/\/twitter.com\/0xArch\/status\/1821547029933265006?ref_src=twsrc%5Etfw\">August 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>One user <a href=\"https:\/\/x.com\/0xArch\/status\/1821547029933265006\">shared<\/a> a screenshot, claiming that Kanpai Labs was behind the coin&#8217;s advertising on Google.<\/p>\n<p>Meanwhile, the project&#8217;s founder, known as Ice Bugz, gave a vague response to the younger Trump&#8217;s statement, thanking &#8220;everyone who sent love.&#8221;\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I&#8217;m a scammer fuck buy pandas get bent. Thanks for the guys that sent love today. <a href=\"https:\/\/t.co\/hlhSRZ3zrG\">https:\/\/t.co\/hlhSRZ3zrG<\/a><\/p>\n<p>\u2014 Bagz (the real one) (@bagzybagz1321) <a href=\"https:\/\/twitter.com\/bagzybagz1321\/status\/1821717498229641343?ref_src=twsrc%5Etfw\">August 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following the backlash, the price of the Kanpai Pandas NFT collection dropped by 37%. The floor price for NFTs fell from 0.775 ETH to 0.46 ETH, according to <a href=\"https:\/\/blur.io\/collection\/kanpai-pandas\">Blur<\/a>.\u00a0<\/p>\n<p>Influencer Size Chad also <a href=\"https:\/\/x.com\/ethimedes\/status\/1821620060030402902\">participated<\/a> in shilling RTR. He later stated he was not affiliated with the coin, deleted posts mentioning it, and reported a &#8220;loss of ~$60,000.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Deleted tweets. Lost ~$60k. Not part of the team and never was. Received 0 tokens. Tweeted to support Ice Bags and got rugged.<\/p>\n<p>\u2014 Size Chad (@SizeChad) <a href=\"https:\/\/twitter.com\/SizeChad\/status\/1821620747368120511?ref_src=twsrc%5Etfw\">August 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u00a0\u00a0<\/p>\n<p>Rumors of the 45th President of the United States&#8217; involvement in crypto projects emerged following his repeated statements about the industry. Additionally, Donald Trump Jr. revealed details of a project related to cryptocurrencies and DeFi, which he had previously announced.\u00a0<\/p>\n<p>However, the community did not appreciate the gesture. Numerous requests appeared online urging the Trumps to abandon the idea of entering the industry.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Eric \u2014 if you care about your dad\u2019s chances to win this election, please for the love of all that is good don\u2019t launch a token.<\/p>\n<p>\u2014 K A L E O (@CryptoKaleo) <a href=\"https:\/\/twitter.com\/CryptoKaleo\/status\/1821618985508729151?ref_src=twsrc%5Etfw\">August 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEric, if you care about your dad\u2019s chances to win this election, please, for the love of all that is good, don\u2019t launch a token,\u201d stated trader KALEO.<\/p>\n<\/blockquote>\n<p>Earlier, Bitwise&#8217;s Chief Investment Officer Matt Hougan concluded that the crypto industry is unaffected by politicians&#8217; attitudes. A similar opinion was expressed by former BitMEX CEO Arthur Hayes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency Restore the Republic (RTR), dedicated to Donald Trump, saw a 95% drop from its peak after the former president&#8217;s family denied any involvement in the project. 15-minute chart of RTR\/USD on Raydium exchange. Data: DEX Screener.\u00a0\u00a0 Initially, the price of RTR soared to $0.0027 following a now-deleted suggestion by Students for Trump chairman [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,596],"class_list":["post-15977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"66","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15977"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15976"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}