#Trump Student Organization Co-Founder Sells Meme Coin#
Hot Topic Overview
Overview
Ryan Fournier, co-founder of the Trump Students organization, has sparked controversy after selling his 50% supply of TIKTOK tokens. The token, intended to celebrate the unbanning of TikTok, once boasted a market cap exceeding $90 million. However, Fournier's sell-off resulted in an 85% plunge, plummeting the market cap to $5 million. Fournier claimed he was deceived by token founder Asta, but Asta denied the accusations, alleging Fournier immediately dumped all his tokens after his announcement. Fournier denied profiting from the sale and pledged to compensate investors $50,000. The incident has drawn criticism from investors towards Fournier and sparked discussions about transparency and trust within the meme coin market.
Ace Hot Topic Analysis
Analysis
Ryan Fournier, co-founder of the Trump Students organization, has sparked controversy by selling his 50% stake in a TikTok token supply. The token, intended to celebrate the unbanning of TikTok, reached a market capitalization of over $90 million after its launch. However, Fournier sold his holdings when the token's price plummeted, causing the market capitalization to fall to $5 million. Fournier claims he was deceived by the token's founder, Asta, and has promised to compensate investors $50,000. But Asta denies Fournier's accusations and says Fournier sold his tokens immediately after he released news about the token. Fournier denies profiting from the sale and insists he is a victim of deception. The incident has raised questions about Fournier's integrity and sparked a debate about regulation in the meme coin market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump student organization co-founder Ryan Fournier sold his 50% TIKTOK token supply, causing the project's market value to plummet 85%.
Fournier claims he was deceived by token founder Asta, but promised to compensate investors $50,000.
Fournier denies profiting from the sale and insists he was deceived by the token creator.
Asta claims Fournier immediately sold all his tokens after he posted the message and said he didn't know what happened.