Trader Loses $45,000 as TJR Token Collapses After TJR Trades Denies Link in Livestream

Trader CCv4xA invested 50,000 USDC to acquire 2.47 million TJR tokens, a celebrity-themed cryptocurrency that had been trading on speculation of an association with social media trading figure Tyler J. Riches, known as TJR Trades.

That perceived connection was disrupted after TJR Trades addressed the token in a livestream, stating that it was not linked to him. The denial weakened confidence in the token’s narrative, prompting a sharp sell-off that drove its price down by more than 95%.

As the decline accelerated, trader CCv4xA exited the position by selling the full 2.47 million tokens for 4,886 USDC. The rapid downturn resulted in a loss of approximately 45,000 USDC within 10 hours.

Source: Lookonchain, TJR Trades