Following a now-deleted statement from Students for Trump chair Ryan Fournier implying RTR was a new official Trump token, the price of RTR first shot to $0.1490, but a stern denial from Eric Trump sent the token sliding back soon after.

Data on CoinGecko shows RTR trading at $0.0083 at the time of publication. Many in the crypto industry were fearing whether Trump’s son was releasing a memecoin prior to his denial. He had left a mysterious X post, implying he was working on anything connected to DeFi.

“If you care about your dad’s chances to win this election, please, for the love of all that is good, don’t launch a token,” said well-known crypto trader Kaiko.

Crypto trader Ben Werkman said, “This is a massive mistake.”

“Please don’t launch a token; nothing good will come of this,” crypto analyst SlumDOGE millionaire said.

Since then, Donald Trump Jr. has announced he is starting a new distributed finance platform in an effort to solve banking access disparities. He has only mentioned that the forthcoming DeFi platform “would take on a lot of the banking world” and that it would probably be a long time “before we can do anything.”

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The post Trump-Themed Crypto RTR Loses 95% in Value After Denial appeared first on Coin Engineer.