Reported by Zen, PANews

In the conservative political circle of the United States, Ryan Fournier rose to fame as a student organization leader and Trump supporter, but in the cryptocurrency world, as a ‘crypto novice’, he became the focal point of a series of controversies.

From the rapid collapse of the recently occurred ‘TIKTOK’ memecoin to the suspected hype of ‘Restore The Republic’ (RTR) token using Trump’s name, Fournier’s figure repeatedly appeared at the center of the storm. Perhaps due to translation issues, the Chinese community believed he was Trump’s bodyguard and referred to this Meme coin as ‘Bodyguard Coin’.

Last Sunday, after TikTok resumed operations in the United States, Ryan Fournier stated in an X Space that he had partnered with a memecoin trader named Asta to launch a TikTok-themed memecoin called ‘TIKTOK’. Asta claimed to be responsible for creating the token and gave 50% of the supply to Fournier, keeping 1% for himself.

Perhaps influenced by the ‘super surge’ performance of TRUMP and MELANIA tokens, TikTok’s value also skyrocketed rapidly after its launch, with its market cap peaking at nearly $90 million. During this period, Fournier shared a screenshot of his account holdings on the X platform, showing an amount as high as $19 million. Meanwhile, Asta also excitedly wrote on X: ‘I sent 50% of TIKTOK to Fournier, which is basically my entire supply; I just wanted to start a cool movement, and now the token’s market cap has reached $60 million. If I held that token, that would be really cool.’

After Asta’s post, Fournier immediately sold all the TikTok tokens he held. ‘Just after I posted, he sold all his inventory. I don’t know what to say anymore.’ Less than 10 minutes after the previous post was published, Asta posted again to express his disappointment. According to a wallet confirmed by Fournier that starts with 9H, he exchanged 505 million TIKTOK tokens for approximately $700,000 worth of SOL at 20:28 UTC on Sunday. This action caused the TIKTOK token price to plummet to zero rapidly.

The incident triggered strong dissatisfaction in the community, with many condemning Fournier’s actions. Fournier defended himself by stating that Asta suddenly sold TIKTOK first, and then he also sold. ‘So I don’t know what happened… I think that guy is a fraud, I think he just tricked me, and I followed him.’

Fournier repeatedly insisted that he was a novice in the cryptocurrency field, and some terminology confused him.

Read full report: https://www.binance.com/en/square/post/19197952439594