Trump student organization Lianchuang denies fraud allegations after selling half of Meme coin TIKTOK supply

Odaily Planet Daily News: Conservative activist and co-founder of the Trump Student Organization, Ryan Fournier, has been heavily criticized by traders for selling half of the supply of Meme coins created to celebrate TikTok's lifting. Last Sunday evening, Fournier stated on X space that after TikTok re launched in the United States on Sunday, he teamed up with Meme coin traders (possibly X user "Asta") to come up with the idea of a TikTok themed Meme coin. According to the accounts of two traders, Asta created the token and sent half to Fournier. The token quickly rose thereafter, with a market value exceeding $90 million at one point. However, when the price began to decline, Fournier admitted to selling his holdings and accumulating additional tokens in addition to the supply he received. Last Sunday evening at 20:28 (UTC time), Fournier confirmed a transaction for its wallet that exchanged 505 million TIKTOK tokens for approximately $700000 worth of SOL. Suddenly, (Asta) sold it, and then I sold it too, so I don't know what happened... I think that guy is a scammer, I think he just cheated me, and I followed him Fournier said. Although Asta's wallet did not display any TIKTOK token sales, Fournier claims that Asta has been purchasing tokens from other accounts. Almost everyone knows that I sent 50% of TIKTOK to Ryan Fournier. This is basically all my supply, I just want to launch a cool campaign, "Asta posted on X about five minutes before the sales transaction. Then, 10 minutes later, they posted again: "Just after I posted, he sold all his supplies. I don't know what to say anymore Fournier denies profiting from the sale of X space and repeatedly insists that he was deceived by the token creator, claiming that his profits were "almost negative" after buying and selling tokens. Fournier and Asta did not immediately respond to requests for comment. （The Block）