Unofficial Barron Trump memecoin rose to $460 million market cap before crashing 95%

Quick Take

  • A memecoin called Official Barron Trump rose to a $460 million market cap on speculation that it might have been launched by Barron Trump himself.
  • However, no evidence of this materialized and the token fell massively in price.

A memecoin named after Barron Trump rose to a $460 million market cap on unsubstantial rumors that it might have been launched by Barron Trump himself. When no evidence of this materialized, the token sank in price.

A relatively new X account called elonsfeed99 posted a link to the memecoin launchpad Pump.fun profile that launched the token, claiming it was Barron Trump's profile, and some other blockchain information. "Its (sic) clearly made by one of their friends, with deep pockets. I believe that friend can only be the elusive Barron Trump," they claimed.

For some reason, this worked, and the token spread across X with many accounts claiming that it might be genuine. This helped the token hit its peak market cap in just five hours.

The token peaked at $460 million market cap. Image: Pump.fun.

The profile had also launched a number of other unofficial memecoins claiming to be official memes, such as for Ronaldo, Johnnie Walker and Kai Trump.

However, Conor Grogan, head of product business operations at Coinbase, found a link between the token and the Trump family. He noted that someone who bought a large amount of the Barron memecoin last night used the same KuCoin deposit address as the creator of the MELANIA token.

"There is a lot we dont know; at the extreme, that means that the Melania creator also purchased this token. At the very least it means that someone who knows the creator (and has sent significant money to them) purchased the token," he said.

The Barron memecoin was launched in the wake of Donald Trump and Melania Trump each launching their own memecoins over the last few days. While Donald Trump's memecoin reached a $13.5 billion market cap, the launch of Melania Trump's token ended up dropping his token's price in half.

Update: Added comments from Conor Grogan.


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Tim is the Editor-In-Chief of The Block. He writes about the evolution of crypto technology and the people who are at the forefront of it. He provided exclusive, source-based insights into the launches of the Bitcoin and Ethereum ETFs, crypto sales by the FTX Estate and the Trump-linked World Liberty Financial project. Prior to joining The Block, Tim was a news editor at Decrypt. He earned a bachelor's degree in philosophy from the University of York and studied news journalism at Press Association Training. Follow him on X @Timccopeland.

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