{"id":8639,"date":"2025-01-20T13:48:52","date_gmt":"2025-01-20T13:48:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8639"},"modified":"2025-01-20T13:48:52","modified_gmt":"2025-01-20T13:48:52","slug":"students-for-trump-co-founder-slammed-for-meme-coin-sale-tied-to-rug-pull-claims","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8639","title":{"rendered":"Students for Trump Co-Founder Slammed for Meme Coin Sale Tied to Rug Pull Claims"},"content":{"rendered":"
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Political activist Ryan Fournier, known for his co-founding of the Students for Trump organization, has become embroiled in a scandal involving a TikTok-themed meme coin.<\/p>\n

Critics are accusing him of orchestrating a rug pull that caused the coin\u2019s value to plummet from a high of $90 million to about $5 million.<\/p>\n

Fournier Defends His Actions<\/h2>\n

Fournier tried to explain the situation in a Sunday night post<\/a> on X, saying he had been approached by an individual, identified as \u201cAsta\u201d in online discussions, who wanted to create a coin supporting TikTok\u2019s comeback to the United States.<\/p>\n

\u201cI said screw it and let\u2019s do it,\u201d the Trump supporter expounded in another post. He subsequently received 50% of the supply of the meme coin, dubbed TIKTOK, and watched as its value soared to unimaginable heights.<\/p>\n

At one point, according to a screenshot shared<\/a> by a user of the social media platform, Fournier\u2019s TIKTOK stash was worth more than $19 million, with the meme coin\u2019s price skyrocketing nearly 18,000%.<\/p>\n

However, as the price started to drop, the conservative campaigner decided to cut his losses, swapping 505 million tokens for about $700,000 worth of SOL.<\/p>\n

Following the episode, which Fournier described as a \u201cchaotic mess,\u201d an X user accused him of rugging the project, with the 29-year-old blaming his naivety for the debacle. \u201cI\u2019m very new to crypto and I promise you I didn\u2019t rug it,\u201d he replied.<\/p>\n

Community Reacts<\/h2>\n

When challenged to explain his actions by another user, he claimed his decision to sell was driven by fear after he saw the coin\u2019s price going down. \u201cI didn\u2019t want to sell,\u201d he responded. \u201cBut I ended up having to sell when it kept dropping.\u201d<\/p>\n

Still, that clarification did not stop the criticism, with many accusing Fournier of deliberately draining liquidity from the project.<\/p>\n

Some pointed to blockchain data, which apparently showed that his sell-off occurred when the coin was relatively stable, suggesting his actions directly caused the price crash. One detractor summarized<\/a> the situation bluntly: \u2018It\u2019s on chain, dude. You can\u2019t erase where you rugged it.\u201d<\/p>\n

The drama comes against a backdrop of heightened meme coin activity spearheaded by the launch of Donald Trump\u2019s official token, followed by another from his wife, Melania.<\/p>\n

During a certain period, Trump\u2019s meme coin attained a market value of $15 billion, eclipsing<\/a> Pepe (PEPE) and Shiba Inu (SHIB). However, the introduction of Melania\u2019s coin rocked the boat somewhat, causing TRUMP to dump 50%<\/a> of its value and wiping out<\/a> billions across the broader crypto market.<\/p>\n

The post Students for Trump Co-Founder Slammed for Meme Coin Sale Tied to Rug Pull Claims<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Political activist Ryan Fournier, known for his co-founding of the Students for Trump organization, has become embroiled in a scandal involving a TikTok-themed meme coin. Critics are accusing him of orchestrating a rug pull that caused the coin\u2019s value to plummet from a high of $90 million to about $5 million. Fournier Defends His Actions […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8639","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8639"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8639\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}