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Students for Trump co-founder admits dumping 50% of TIKTOK Token supply, resulting in a big dump of 85% in Market Cap
BlockBeats News, on January 20th, according to The Block, Ryan Fournier, co-founder of Students for Trump, admitted to dumping 50% of his TIKTOK Token supply held at X Space, resulting in a big dump of the project's Market Cap from $90 million to $5 million. On-chain data shows that at 20:28 UTC, Fournier exchanged 505 million TIKTOK Tokens for approximately $700,000 SOL. Fournier claimed to have been deceived by the Token founder Asta, but promised to compensate investors $50,000. Previously, Fournier was publicly refuted by Eric Trump for spreading false news about Trump's involvement in RTR Token.