🚨🚨⛔️The crypto market served up another harsh reminder of how fast hype can turn into financial ruin. The memecoin ERICTRUMP, which has no official connection to the U.S. President’s son Eric Trump, skyrocketed by a staggering 6200% within 24 hours after its launch on the notorious PumpFun platform. At its peak, the token’s market cap soared beyond $140 million. But as always with these hype-driven projects, gravity did its job — the price collapsed by 99% in a matter of hours.

What triggered the crash? Right before the price imploded, Bubblemaps analysts raised the alarm about a potential rug pull. Their on-chain analysis revealed that over 250 top holders of ERICTRUMP were linked directly to just 10 wallets. Classic wash trading, insider stacking, and exit liquidity setup — the script we’ve all seen before but too many still choose to ignore.

If you’re wondering how such schemes continue to thrive, the answer is simple: greed, FOMO, and the belief that “this time it’s different.” Retail investors keep chasing overnight riches, ignoring every basic risk management principle. And as long as there’s fresh liquidity from overconfident market participants, these pump-and-dump operations will continue to cash in.

Let this chart serve as a brutal reminder: if a coin’s only value proposition is a name tied to pop culture or political figures — and no real fundamentals — it’s not a long-term investment. It’s a trap waiting to spring shut.

The #AMAGE question of the day: did you survive this latest memecoin massacre, or are you still out there hunting for the next big hit? And more importantly, is it really worth the risk?