{"id":562764,"date":"2024-08-09T09:00:20","date_gmt":"2024-08-09T09:00:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=562764"},"modified":"2024-08-09T07:12:18","modified_gmt":"2024-08-09T07:12:18","slug":"strump-surges-15-as-donald-trump-jr-announces-new-crypto-platform-to-take-on-banks","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/strump-surges-15-as-donald-trump-jr-announces-new-crypto-platform-to-take-on-banks","title":{"rendered":"STRUMP Surges 15% As Donald Trump Jr. Announces New Crypto Platform To \u201cTake On\u201d Banks"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Super Trump (STRUMP) price <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/super-trump\"><span style=\"font-weight: 400\">surged<\/span><\/a><span style=\"font-weight: 400\"> over 15% in the last 24 hours to trade at $0.006652 as of 2:30 a.m. EST as Donald Trump Jr. reveals he is working on a new decentralized finance protocol that will &ldquo;take on&rdquo; the banking industry.<\/span><\/p>\n<p><span style=\"font-weight: 400\">&nbsp;&ldquo;I think there has been a lot of inequality in that only certain people can get financing,&rdquo; Trump Jr. said in an Aug. 8 <\/span><a href=\"https:\/\/x.com\/MrStevenSteele\/status\/1821702706337390949\"><span style=\"font-weight: 400\">Q&amp;A session<\/span><\/a><span style=\"font-weight: 400\"> on the subscription-based platform Locals. He added that the notion of decentralized finance is &ldquo;very appealing&rdquo; to him.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/static01.nyt.com\/images\/2019\/05\/14\/us\/politics\/14dc-donjr\/merlin_152753772_ba3c0d27-ffce-4b5f-af3c-ea5a2ea06a0d-superJumbo.jpg\" alt=\"Donald Trump Jr. Strikes Deal for 'Limited' Interview With Intelligence Committee - The New York Times\"><\/p>\n<h2><span style=\"font-weight: 400\">Donald Trump Jr. Says New Project Will Not Be A Meme Coin<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Trump Jr. also said that the new project he is working on is not another <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/4-best-meme-coins-to-invest-in-for-10x-potential-gains-t1500-peipei-pepu-brett\"><span style=\"font-weight: 400\">meme coin<\/span><\/a><span style=\"font-weight: 400\">. Instead, he is working on a &ldquo;larger type platform&rdquo; that&rsquo;s very different from a light-hearted crypto. With regards to timelines, he did not give any clear indication of when the platform would launch. He did, however, say that it would be a &ldquo;long time before we can do anything.&rdquo;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the Republican nominee&rsquo;s son confirming that he is not working on a new meme coin, several tokens linked to the former President surged in the last 24 hours. Pepe (TRUMP), FreeTrump ($TRUMP) and Dark MAGA (DMAGA) were among the best 24-hour performers in the political meme coin sector.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Restore The Public (RTR) Dives 95%<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Not all Trump-themed tokens had a successful trading session yesterday. A newly-launched token on the <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/new-cryptocurrency-releases-listings-presales-today-zkml-wiener-ai-solana-name-service\"><span style=\"font-weight: 400\">Solana<\/span><\/a><span style=\"font-weight: 400\"> blockchain by the name of Restore the Republic (RTR), rumored to be the official token of the former President, saw its market cap balloon to $155 million.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Friends: Beware of fake tokens! The only official Trump project has NOT been announced! You will hear it here first. <a href=\"https:\/\/t.co\/33wfKyaMVB\">https:\/\/t.co\/33wfKyaMVB<\/a><\/p>\n<p>&mdash; Eric Trump (@EricTrump) <a href=\"https:\/\/twitter.com\/EricTrump\/status\/1821606504061116542?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><span style=\"font-weight: 400\">The token&rsquo;s value then plummeted 95% on Aug. 8 after Eric Trump warned that his father does not yet have an official token. A handful of early investors were, however, still able to walk away with substantial profits.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">On-chain data from <\/span><a href=\"https:\/\/x.com\/lookonchain\/status\/1821618713873018939\"><span style=\"font-weight: 400\">Lookonchain<\/span><\/a><span style=\"font-weight: 400\"> revealed that 5 wallets belonging to early investors, or insiders, made $4 million in profits in just 6 hours with the token&rsquo;s meteoric rise and subsequent plunge.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye\/\"><span style=\"font-weight: 400\">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/xrp-etf-speculation-ramps-up-after-sec-lawsuit-is-settled\"><span style=\"font-weight: 400\">XRP ETF Speculation Ramps Up After SEC Lawsuit Is Settled<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/brett-price-prediction-brett-soars-14-but-investors-flock-to-this-base-meme-coin-rival-for-its-926-apy\"><span style=\"font-weight: 400\">Brett Price Prediction: BRETT Soars 14%, But Investors Flock To This Base Meme Coin Rival For Its 926% APY<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - 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