On January 20th, according to The Block, Ryan Fournier, co-founder of Students for Trump, admitted to selling 50% of his TIKTOK token supply at X Space, causing the project's market value to plummet from $90 million to $5 million. On chain data shows that Fournier exchanged 505 million TIKTOK tokens for approximately $700000 SOL at 20:28 UTC. Fournier claimed to have been deceived by the token founder Asta, but promised to compensate investors with $50000. Previously, Fournier was publicly refuted by Eric Trump for spreading false information about Trump's involvement in RTR tokens.
