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SkyAI (SKYAI) $ 0.781221
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Arbitrum (ARB) $ 0.119457
JUST (JST) $ 0.084911
Pudgy Penguins (PENGU) $ 0.011443
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Pump.fun (PUMP) $ 0.001826
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VeChain (VET) $ 0.007338
Binance Staked SOL (BNSOL) $ 108.24
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USDtb (USDTB) $ 0.999883
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Ether.Fi Liquid ETH (LIQUIDETH) $ 2,443.47
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FLOKI (FLOKI) $ 0.000033
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Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,265.06

TRUMP meme coin pumps, then dumps after fake utility news

By admin On Mar 14, 2025

The TRUMP meme coin saw a sudden 19% surge before plummeting after false reports circulated that it would have real-world utility.

The digital asset jumped from $10.4 to $12.4 after DB, a prominent crypto news outlet, posted on X that the TRUMP token would “have real utility” on Thursday.

The surge was short-lived as a follow-up post appeared approximately seven minutes later claiming the account had been compromised. The TRUMP token price fell to $10.8 following the statement.

Initially, it was uncertain whether hackers or DB posted the second tweet. Ansem and others in the crypto community observed a grammatical error in the tweet, suggesting the security breach had yet to be resolved.

Some X users reported that DB’s account also shared fake news that BlackRock had filed for a spot HYPE ETF.

DB has since removed the unauthorized posts and issued a statement asking users to disregard messages posted during the security breach.

The news outlet confirmed an investigation is in progress and will provide updates when available.

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