#Trump Student Organization Co-Founder Sells Token#
Hot Topic Overview
Overview
Ryan Fournier, co-founder of the Trump Students organization, has sparked controversy after selling his 50% stake in a TikTok token created to celebrate the app's unbanning. The token, which had a market cap exceeding $90 million, was later revealed to have been a scam by its creator, Asta. Fournier claims he was duped by Asta, but admitted to selling the tokens, which led to the market cap plummeting to $5 million. Fournier denies profiting from the transaction and has pledged to compensate investors $50,000. Asta accuses Fournier of dumping his tokens immediately after releasing his message and claims he was deceived by Fournier. Both parties have denied the fraud accusations, but the incident has raised concerns among investors about the transparency and trustworthiness of token projects.
Ace Hot Topic Analysis
Analysis
Ryan Fournier, co-founder of the Trump Students for Trump organization, has sparked controversy for selling his 50% supply of the TIKTOK token. The token was designed to celebrate the unbanning of TikTok and at one point had a market cap exceeding $90 million. However, Fournier's sale caused the market cap to plummet to $5 million. Fournier claimed he was deceived by token founder Asta and pledged to compensate investors $50,000. However, Asta denied Fournier's accusations and stated Fournier sold all his tokens immediately after Asta released information. Fournier denied profiting from the sale and insisted he was a victim of deception. Currently, both parties have not responded further to the incident.
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 cap to plummet 85%.
Fournier claims he was tricked by token founder Asta, but promised to compensate investors $50,000.
Fournier denies profiting from the sell-off and insists he was tricked by the token creator.
Asta claims Fournier sold all his tokens immediately after his message was released, and said he didn't know what to say.