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New Crypto Scams Surge Following Elon Musk’s Twitter Space Parody – President Ron DeSantis (RON) and Donald (TRUMP) Shitcoins

With a low DEXTscore and multiple smart contract warnings, recently launched cryptocurrency coins with a US election theme have emerged as the top performers on the daily gainers charts on DEXTools.

In contrast to centralized cryptocurrency exchanges like Binance and Coinbase, decentralized exchanges such as Uniswap and PancakeSwap allow anyone to list a new cryptocurrency token. However, it is important to note that tokens experiencing significant price surges of tens of thousands of percent on a decentralized exchange are often associated with crypto scams.

Elon Musk’s Twitter Space Parody Sparks Inspiration for New Crypto Shitcoins

While experienced traders may be able to buy and sell some ‘shitcoins’ for a profit, it’s important to note that certain tokens like $TRUMP impose a substantial 98% transaction tax when selling, which can lead beginners to fall into a trap.

The new crypto tokens seem to have drawn inspiration from a viral parody of Elon Musk’s Twitter Space. This parody featured a lineup of notable figures including DeSantis, George Soros, Klaus Schwab, Dick Cheney, Adolf Hitler, the Devil, and Trump.

President Ron DeSantis Token: A New Cryptocurrency Inspired by Ron DeSantis

President Ron DeSantis (RON) cryptocurrency faces various concerns highlighted in the automatic audit results displayed on its page, including a blacklist function, modifiable tax, and other issues.

Despite experiencing a significant price increase of over 30,000%, the RON token currently has a relatively low number of holders, with only 69 individuals holding it. Additionally, it has received a rating of 53 out of 99. These factors might suggest that the surge in price is not a result of genuine organic demand from buyers.

Another trending coin on Uniswap is Trust The Ponzi (TRUST), which references the phrase ‘trust the plan’.

A New Cryptocurrency Inspired by Donald Trump

The Donald (TRUMP) token imposes a substantial 98% sell tax, which implies that buyers will retain only 2% of their tokens when closing a position. Additionally, the token has been assigned a significantly low project reliability score.

The $TRUMP token currently has 77 holders and a rating of 19 out of 99. Due to its low liquidity, even a small amount of real buying volume can result in a substantial percentage increase in the five-figure range.

Although buyers may be enticed by the impressive price surge of over 10,000% in the Trump token, it is

important to note that they may not be able to capitalize on their gains and withdraw profits.

Earlier this week, there was a surge in popularity for religious-themed coins within the cryptocurrency

market, mirroring the trend of new crypto crazes. However, these religious-themed coins also faced similar issues and concerns.

Secure and Promising New Cryptocurrency Projects

At Crypto News, we have conducted extensive reviews of numerous new cryptocurrency coins.

These reviews encompass coins in their presale stage as well as those recently listed on platforms like

Uniswap or centralized exchanges (CEX).

In total, we have identified 19 new crypto coins that exhibit significant growth potential for 2023 and

beyond, encompassing a combination of meme coins and utility tokens. These selections hold promising prospects as we enter 2024.

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