FEARNOT token to be sent to Trump as the team plans to buy 5% of the supply

IconCryptoNewsTerminal Staff17 Jul, 2024

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FEARNOT token to be sent to Trump as the team plans to buy 5% of the supply

FEARNOT, an Ethereum-based Donald Trump-themed meme coin, has announced that it will buy 5% of the circulating supply and send it to Trump's address in the next two weeks. This announcement was made via the official Twitter account of FEARNOT after on-chain analyst ai_9684xtpa raised concerns about the coin's distribution, tweeting that 86 addresses hold 10.36% of its supply. FEARNOT's decision to send 5% of its supply to Trump is seen as a marketing move to increase the coin's visibility and attract new investors. It is unclear how Trump will react to this gesture or if he will accept the tokens.