Meme Coin ERICTRUMP’s Market Cap Hits $140 Million Before 99% Crash

The meme coin ERICTRUMP, unrelated to the son of the U.S. president Eric Trump, surged by 6200% in a day following its launch on the Pump.fun platform. The token’s market capitalization exceeded $140 million before its value plummeted by 99%, according to CoinMarketCap.

At approximately the onset of the price decline, analysts at Bubblemaps warned of signs of an impending rug pull.

a rug in the making#ERICTRUMP is currently trending on most platforms. avoid it. pic.twitter.com/g1KE7wKMCA

— Bubblemaps (@bubblemaps) May 16, 2025

According to their data, more than 250 of the largest token holders are linked to 10 main wallets.

The creator of ERICTRUMP had previously released three other tokens using the Trump name, one of the Bubblemaps researchers told Cointelegraph. All of them failed on Pump.fun.

Earlier in May, Solidus Labs reported that 98.6% of meme coins launched on Pump.fun were associated with fraudulent rug pull and Pump & Dump schemes.