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Midnight (NIGHT) $ 0.058465
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Solv Protocol BTC (SOLVBTC) $ 92,779.00
VeChain (VET) $ 0.010673
Liquid Staked ETH (LSETH) $ 3,447.25
Story (IP) $ 2.53
Mantle Staked Ether (METH) $ 3,480.96
USDtb (USDTB) $ 0.999017
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Polygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999703
Bonk (BONK) $ 0.000009
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Superstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.96
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OUSG (OUSG) $ 114.00
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Janus Henderson Anemoy Treasury Fund (JTRSY) $ 1.09
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Resolv wstUSR (WSTUSR) $ 1.13
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Kinesis Silver (KAG) $ 93.55

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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