In recent days, rumors have been circulating about the possibility that the conservative social media platform Truth Social, linked to Donald Trump, would launch a memecoin. However, Donald Trump Jr. has firmly denied this.
In a clear message via X (formerly Twitter), he called it “false information” and warned that scammers are trying to abuse the Trump name.There is absolutely no truth to the claims that Truth Social is releasing a memecoin. Don't be fooled by the false information that people are spreading,” he posted on Monday evening.
This denial did not come out of the blue. Several crypto influencers, including the infamous Ran Neuner, suggested that a so-called Truth Social token was in the works, which would even come from the team behind the TRUMP memecoin. But these claims are completely unfounded.
Also the DeFi project World Liberty Financial (WLFI), which is closely linked to the Trump family, underlined Trump Jr.'s statement: "There is no new Trump crypto project. WLFI is the only DeFi project that enjoys the support of the Trumps. Anyone who claims otherwise is just trying to scam gullible people."
On platforms such as Ethereum and Solana Meanwhile, all sorts of tokens bearing the name “Truth” are popping up, as DEXTools shows. But none of these coins have any official connection to the Trump family or Truth Social.
Still, the platform isn’t ruling out digital coins entirely. In a recent letter to shareholders, it was revealed that Truth Social is working on a rewards coin and a digital wallet. But this is something completely different from a public memecoin.
In short, anyone hoping for a new Trump token will be disappointed for now. My advice is simple: follow Trump Jr.'s recommendations and don't fall for these false rumors.
Why did Donald Trump Jr. respond to the rumors?
He wanted to make it clear that the information about a memecoin from Truth Social is incorrect and warned of scammers who are abusing the Trump name.
What does Truth Social say about releasing digital coins?
The platform is working on a rewards coin and a digital wallet, but this is fundamentally different from a public memecoin.
Why are there so many tokens with “Truth” in the name?
Many of these tokens appear on platforms like Ethereum and Solana, but they have no official connection to the Trump family or Truth Social and are often intended to capitalize on the popular name.
