PANews reported on January 24 that according to Beincrypto, scammers took advantage of the popularity of Trump's TRUMP token issued last week to send fake coins to wallets related to the TRUMP team and its creators, causing cryptocurrency traders who closely followed these wallets to mistakenly purchase these worthless tokens. They thought that the Trump meme coin team intended to buy these tokens and had inside information. The scammers anticipated this behavior and profited from it.

According to Global Ledger, four Trump-related scam tokens have generated at least $857.5 million in revenue. These tokens - JMilei, MELON, WTRUMP and PUTIN - have been cashed out on multiple major exchanges. Further investigation found that three tokens, PUTIN, KING and BUFFET, were associated with the same deposit wallet on Binance. These wallets withdrew a total of $91.3 million. This pattern suggests that the same entity or group may have created and cashed out these tokens.