American Coin, a meme coin based on the Solana blockchain, experienced a significant rally amid rumors that Donald Trump was planning to launch a meme coin themed around the United States. The coin saw a sharp increase in price and market cap, with its daily trading volume also surging. However, the gains were short-lived as Eric Trump debunked the rumors, causing the token to crash. This pattern of hype-driven meme coins experiencing rapid gains and subsequent crashes has been observed with previous Trump family-launched meme coins.



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