Donald Trump Jr. Squashes Rumors of ‘Truth Social’ Memecoin

Donald Trump Jr. has denied viral rumors by crypto influencers that Truth Social — the conservative social media platform tied to former President Donald Trump — is launching a memecoin. Infamous influencer Ran Neuner pushed claims and a viral post on an upcoming Truth Social token, saying it was from the same team as the TRUMP memecoin. “There’s no truth whatsoever about Truth Social launching a memecoin,” Trump Jr. wrote on X late Monday. “Don’t be fooled by false information people are circulating.” The clarification amid a wave of unaffiliated “Truth”-themed tokens appearing across Ethereum and Solana-based trading platforms, data from DEXTools shows . World Liberty Financial (WLFI) — a DeFi project tied to the Trump family — reaffirmed Trump Jr.’s statement. “Don’t be fooled. There is no new Trump crypto project,” WLFI posted on X . “WLFI is the only DeFi project backed by the Trumps. Anyone else pushing fake tokens is just a scammer trying to take advantage of people who don’t know better.” The Trump-backed Truth Social, launched in 2022, has never officially engaged with crypto despite growing speculation around political tokens. The platform does intend to launch a rewards coin with an attached digital wallet, however, per a shareholder letter from late April.

Source: CoinDesk