TL;DR: A trader blew $1 million in just two hours chasing the hype around the BARRON memecoin, mistakenly linked to Barron Trump. Turns out, it was all a pump-and-dump scam, and the token’s value tanked.
Here’s the tea: The trader bought BARRON at its peak, hoping to cash in on the buzz. The coin shot up 90% in a minute but nosedived just as fast, wiping out its value. People assumed it was tied to the Trump family because of the name, but nope—zero connection. Lookonchain even posted the receipts on X, warning folks not to trade based on FOMO.
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This isn’t the first time Trump-related tokens caused chaos. Recently, Donald Trump himself dropped the $TRUMP token, which blew up, followed by the $MELANIA coin today. Both had traders scrambling, but here’s the kicker: $MELANIA’s launch tanked $TRUMP’s price as traders switched tokensThen $MELANIA dropped too, falling from $17 to $7 in hours.
Moral of the story? Not every meme coin is a golden ticket. Watch FOMO traps, or you may just end up with our $1M trader—holding a bag of nothing.
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