Eric Trump Meme Coin Collapses Amid Scam Allegations from Analysts

16 May, 2025

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Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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Eric Trump Expects Ethereum At $8000 With Global M2 Expansion

Highlights

An Eric Trump-themed meme coin surged 8,500% before crashing amid scam allegations.
Eric Frederick Trump has not officially launched any coin at press time.
Blockchain analytics platform Bubblemaps flagged the token as a potential rug, citing suspicious activity.

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An Eric Trump named meme coin is trending on social media and the crypto market, but the red flags present the possibility of a scam. Although the Official Trump and Official Melania meme coins were also regarded with the scam allegation due to alleged insider trading, the case is different here. Why? Let’s discuss.

Eric Trump Never Launched ERICTRUMP Meme Coin

In contrast to Donald Trump and First Lady, Eric Frederick Trump has not officially confirmed any meme coin launch. The third child of the US President is an American businessman and is also present in CoinDesk’s Consensus 2025, which is on its final day of events.

Meanwhile, he is involved in the crypto event. An anonymous developer has launched a meme-themed coin in his name, which has gone viral. Without an official confirmation, people jumped on the opportunity, as they witnessed a nearly 8500% rally in 24 hours, but it all came crashing.

Interestingly, this is not the only token based on the US President’s son, Eric. Many more are also trading in the market, with poor performance.

Eric Trump Coin Price Collapsed Amid Bubblemaps Scam Allegations

Bubblemaps, a prominent chain analytics platform, has called this a “potential rug pull scam in making,” citing an image of its network activity. According to the Bubblemaps post, there are several red flags in this trending meme coin, including a smaller number of wallets holding most tokens and multiple connected clusters.

Such a structure indicates the possibility of Eric Trump coin price manipulation and a potential rug pull scam. And the 99% price crash further confirms such allegation, as the token trades at $0.00001974 with a market cap of just $19.66k per CoinMarketCap.

Bubblemaps investigator also highlighted that the same developer launched three more tokens based on Frederick Trump, but they failed on Pump.fun.

Another crypto analyst highlighted that there are only developer wallets in the transaction history, where buying is less and selling is more. Experts have advised investors to monitor the trending meme coin further and ignore it instead of jumping into any trade.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. Is the Eric Trump meme coin legitimate?

Eric Trump, the third child of US President Donald Trump, has not launched this meme coin, making it illegitimate.

2. Is ERICTRUMP coin a scam?

Blockchain analytics platform Bubblemaps and other experts have alleged that ERICTRUMP is a scam based on its on-chain activity.

3. How is this meme coin trading now?

After a 99% crash, the Eric Trump meme coin is trading at $0.00001974 with a market cap of just $19.66k per CoinMarketCap.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.