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Wave of Fake Political Tokens Exploits Public Figures as Solana Scams Surge in 2025
The explosive rise of a fake Eric Trump token on Solana is just the latest in a long-running pattern of crypto scams targeting political figures to exploit their influence, and the Trump family’s active presence in the space appears to be fueling it.
Since the high-profile launches of $TRUMP and $MELANIA, the crypto sector has seen an explosion of politically themed tokens.
According to a Financial Times report, over 736 imitation tokens were deposited into the official Trump wallet, presumably to confuse investors or make fraudulent coins appear endorsed by the president.
A closer look shows that 192 tokens now use Trump family names, 67 of which falsely brand themselves as “official.” Some even extend the deception to Trump allies, like Tesla CEO Elon Musk, whose name appears in at least 35 newly launched tokens.
While political meme coins have brought crypto further into the mainstream, they’ve also opened the floodgates for bad actors. Public figures across the globe have become frequent targets.
In April, UK Labour MP Lucy Powell’s verified X account was hijacked to promote a bogus Solana-based token, the “House of Commons Coin.”
Despite a quick takedown, the post leveraged Powell’s official crest and nearly 70,000 followers to lend credibility. It netted only £225 in profit, but illustrated how easy it is for scammers to hijack public trust.
Similar incidents have hit political figures in Argentina, Ghana, and the Philippines, while journalists and crypto media accounts like Watcher.Guru have also been compromised.
As celebrity and political endorsements continue to bleed into Web3, analysts warn that every high-profile token is now a potential launchpad for deception.
#solana #memecoin🚀🚀🚀 #TrumpCrypto #EricTrumpCoin #ERIC_TRUMP
$TRUMP $SOL
The explosive rise of a fake Eric Trump token on Solana is just the latest in a long-running pattern of crypto scams targeting political figures to exploit their influence, and the Trump family’s active presence in the space appears to be fueling it.
Since the high-profile launches of $TRUMP and $MELANIA, the crypto sector has seen an explosion of politically themed tokens.
According to a Financial Times report, over 736 imitation tokens were deposited into the official Trump wallet, presumably to confuse investors or make fraudulent coins appear endorsed by the president.
A closer look shows that 192 tokens now use Trump family names, 67 of which falsely brand themselves as “official.” Some even extend the deception to Trump allies, like Tesla CEO Elon Musk, whose name appears in at least 35 newly launched tokens.
While political meme coins have brought crypto further into the mainstream, they’ve also opened the floodgates for bad actors. Public figures across the globe have become frequent targets.
In April, UK Labour MP Lucy Powell’s verified X account was hijacked to promote a bogus Solana-based token, the “House of Commons Coin.”
Despite a quick takedown, the post leveraged Powell’s official crest and nearly 70,000 followers to lend credibility. It netted only £225 in profit, but illustrated how easy it is for scammers to hijack public trust.
Similar incidents have hit political figures in Argentina, Ghana, and the Philippines, while journalists and crypto media accounts like Watcher.Guru have also been compromised.
As celebrity and political endorsements continue to bleed into Web3, analysts warn that every high-profile token is now a potential launchpad for deception.
#solana #memecoin🚀🚀🚀 #TrumpCrypto #EricTrumpCoin #ERIC_TRUMP
$TRUMP $SOL
🎙#ERIC_TRUMP : 🇺🇸 I hear it from sovereign wealth funds, the wealthiest families, and the biggest companies, it’s a race to accumulate as much Bitcoin as possible.
“And I promise you, we’re going to beat them in that marathon.”
“And I promise you, we’re going to beat them in that marathon.”
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