Donald Trump Jr. denies rumors about Truth Social memecoin
Trump Jr. denies Truth Social is launching a memecoin amid growing rumors
Donald Trump Jr. has refuted growing speculation that Truth Social, the conservative social media network associated with his father, is launching a cryptocurrency token.
The denial came after a viral post from crypto influencer Ran Neuner claimed the platform was preparing to debut a memecoin linked to the team behind the TRUMP token, reports CoinDesk.
“There’s no truth whatsoever about Truth Social launching a memecoin,” Trump Jr. wrote on X on May 12. “Don’t be fooled by false information people are circulating.”
Unverified tokens spark confusion
The statement arrives amid a proliferation of unofficial “Truth” tokens on decentralized exchanges such as Ethereum and Solana, with DEXTools showing dozens of similarly branded assets. These listings triggered investor speculation and misinformation, pushing some traders to buy into what they believed was an official product.
Adding to the confusion, several meme tokens — including the TRUMP and MELANIA coins — have previously been loosely linked to the former president through branding, though no formal endorsements have been made by Truth Social itself.
WLFI backs denial, warns of scams
World Liberty Financial (WLFI), the decentralized finance project with public backing from the Trump family, echoed the denial. “WLFI is the only DeFi project backed by the Trumps,” the organization said on X. “Anyone else pushing fake tokens is just a scammer trying to take advantage of people who don’t know better.”
Truth Social eyes reward coin, not memecoins
While Truth Social has never launched or endorsed a crypto token, it has floated plans to introduce a rewards coin and digital wallet system for its user base. According to a late-April shareholder letter, the platform is exploring digital loyalty infrastructure—but not a speculative token or memecoin tied to external markets.
Recently we wrote that the memecoin market is abuzz following the latest development from the team behind the TRUMP token.
