The seek for the true Trump memecoin goes on with the launch of Restore the Republic token.
Lower than per week after the newest “official” Donald Trump memecoin rugged, crypto Twitter is pumping one other token that’s supposedly related with the previous president.
Restore the Republic token, ticker $RTR, launched this morning and pumped as excessive as a $155 million capitalization, over 100x from its launch value.
Merchants are speculating the token has a connection to the Republican presidential candidate, after Eric Trump, Donald Trump’s son wrote in an Aug 6 X publish, “I have truly fallen in love with Crypto / DeFi. Stay tuned for a big announcement.”
Rumors in social media are swirling in a way paying homage to the $DJT token launch. Two hours after the launch, Ryan Fournier, a chair member of College students for Trump took to social media and stated, “rumor has it that the official trump coin is out…called Restore the Republic. $RTR.”
Martin Shkreli, the lead behind the now-rugged DJT token, additionally chimed into the dialog, posting “from what I remember, RTR is the token that BT was worried would launch before DJT.”
Controversy and Doubt
Like many celebrity-backed tokens, market individuals are fast to solid doubts over the undertaking’s origins and legitimacy.
Velodata Information reported that Kanpai Labs, the corporate behind the Kanpai Pandas NFT model, is liable for launching the token. The publication stated Google information present Kanpai Labs is the entity funding and pushing the commercials for the RTR token.
There’s a tenuous connection between the White Home and Kanpai Pandas. Steve Espinosa, the previous senior tech advisor and Deputy Chief Digital Officer on the White Home joined the Kanpai Pandas group as an advisor in December 2022.
