#Trump Organization Co-Founder Sells Token#
Hot Topic Overview
Overview
Ryan Fournier, co-founder of the Trump Students for Trump organization, has sparked controversy after selling half the supply of his Meme coin, TIKTOK, which was created to celebrate the lifting of the TikTok ban. Fournier claims he was defrauded by the token creator, Asta, but Asta denies the accusation. Following the incident, the market cap of the TIKTOK token plummeted from $90 million to $5 million. Fournier has admitted to selling the tokens and has pledged to compensate investors $50,000, but denies profiting from the sale.
Ace Hot Topic Analysis
Analysis
Ryan Fournier, co-founder of the Trump Students for Trump organization, has sparked controversy after selling his 50% stake in a TikTok token supply. The token, intended to celebrate the lifting of the ban on TikTok, was once valued at over $90 million, but Fournier's sell-off caused a plunge in its value by 85% to $5 million. Fournier claims he was deceived by the token's founder, Asta, but Asta has denied this, stating Fournier dumped all his tokens immediately after he posted his message. Fournier denied profiting from the sell-off and pledged to compensate investors $50,000. The incident has triggered accusations from investors that Fournier used his influence to perpetrate fraudulent activity.
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 claimed he was cheated by token founder Asta, but promised investors $50,000 in compensation, Asta claims he gave all of his TIKTOK token supply to Fournier, and said Fournier immediately sold all of the tokens after Asta released the news, Fournier denied profiting from the sale, and insisted that he was cheated by the token creator