On January 19, Fournier proposed the idea of the meme token Official TIKTOK COIN (TIKTOK). User X under the nickname Asta created the coin on Pump.fun and sent the public figure half of the emission.
The token quickly skyrocketed in value, reaching a market capitalization of more than $90 million. However, on the evening of the same day, as quotes began to fall, Fournier admitted to selling his holdings. The wallet, which he had previously identified as his own, exchanged 505 million TIKTOK for 2,800 SOL ($700,000). After that, the coin’s capitalization collapsed to $5 million.
Initially, Fournier tried to explain this by fears of fraud, as the first token sale was allegedly initiated by Asta, although there are no relevant transactions in the latter’s wallet.
Asta itself, for whom the project was an attempt to “start a cool movement,” held Fournier fully responsible for “stealing money.”
The activist later said that he had submitted to the mood of the panic sale.
”I wasn’t planning to sell, […] but then suddenly the token started to drop at a speed I had never seen before, and people began to sell. I didn’t know what the guy who created it was doing, so I just… I messed up, and it’s my fault,” he wrote on X.
At the same time, Fournier denied receiving any profit from the sale, insisted on deception on the part of the creator of the token, and in one of his tweets even promised to “fix everything”.
The public figure said he intends to “stay away from cryptocurrencies” until he realizes “who can be trusted.” He also bragged about alleged ties to Donald Trump’s cryptocurrency advisers and a position in the president’s administration.
As a reminder, Fournier has repeatedly promoted the Restore The Republic (RTR) meme token, claiming Donald Trump was involved in its creation. The token collapsed 95% after Eric Trump called those rumors “absolutely false.”
