Donald Trump Jr. expressed his respect for memecoins but said his project is a “larger type of platform” compared to meme tokens when asked about the Restore the Republic (RTR) memecoin during a livestreamed Q&A session on subscription-based platform Locals.

“There’s a lot of guys doing great stuff. I love memecoins and that culture. I love what those guys are doing with some friends of mine. It’s great,” Don Jr. said. “But I just have to make sure that people understand that you can’t conflate one thing with another.”

Earlier today, the RTR token quickly soared and fell amid rumors of being associated with Donald Trump, the current Republican nominee for the U.S. election. It is now regarded as an apparent “pump and dump” scheme. 

Eric Trump, the former president’s second …