#Trump Student Organization Co-Founder Sells Token#
Hot Topic Overview
Overview
Ryan Fournier, co-founder of the Trump Students for Trump organization, has sparked controversy for selling his 50% supply of TIKTOK tokens. The tokens, which were created to celebrate the unbanning of TikTok, were once valued at over $90 million, but Fournier's sale caused the market cap to plummet to $5 million. Fournier claims he was deceived by the token founder, Asta, but Asta denies the allegations. Fournier has promised to compensate investors $50,000, but investors are angry at his actions, accusing him of fraud using the token. Following the incident, both Fournier and Asta are facing pressure from investors and the public.
Ace Hot Topic Analysis
Analysis
Ryan Fournier, co-founder of the Trump student organization, has sparked controversy by selling his 50% supply of TIKTOK tokens. The token was designed to celebrate TikTok's unbanning in the United States and was once valued at over $90 million. Fournier claims he was deceived by Asta, the token's founder, and has pledged to compensate investors $50,000. However, on-chain data reveals that Fournier exchanged 505 million TIKTOK tokens for approximately $700,000 worth of SOL, and he denies profiting from the transaction. Asta also accuses Fournier of dumping his tokens immediately after his announcement, causing the token's value to plummet by 85%. The incident has sparked investor inquiries regarding Fournier and has ignited conversations about token fraud and market manipulation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump student organization co-founder Ryan Fournier sold 50% of the TIKTOK token supply, causing the project's market cap to plummet 85%
Fournier claims he was deceived by token founder Asta, but promised to compensate investors $50,000
Asta claims he gave all the token supply to Fournier, and accuses Fournier of dumping the token immediately after Asta posted the message
Fournier denies profiting from the sell-off and insists that he was deceived by the token creator