Memcoin ERICTRUMP soars 6200% after launch on Pump.fun

The ERICTRUMP token, which has no relation to US President Donald Trump's son Eric Trump, has grown by more than 6,200% in a day after its launch on the Pump.fun platform.

Its market cap topped $140 million before plummeting 99%, turning the asset into one of the most extreme examples of a speculative bubble. According to CoinMarketCap, the coin began to rise rapidly immediately after listing, which is typical for memecoins, especially those using the names of politicians or public figures. However, the price collapsed a day later, as predicted by analysts at Bubblemaps, who monitor signs of speculative bubbles.

“We saw that over 250 of the largest token holders were linked to just 10 major wallets. This is a clear sign that the project was fabricated by a group of speculators,” said researcher Bubblemaps.

Previously, the author of ERICTRUMP created three other tokens using Donald Trump's name. All of them failed, as they quickly lost value after an initial rise. Experts point out that ERICTRUMP is just part of a larger trend in which users trade not for real value, but for the name and emotion. This model is becoming dangerous for beginners, but popular among speculators.

It was previously reported that on May 11, 2025, a major investor known as a “crypto whale” redistributed his assets - he sold $9.9 million of TRUMP tokens associated with US President Donald Trump and purchased $16 million of the Pepe (PEPE) memecoin through futures contracts.