Truth Social Shuts Down Memecoin Rumors—No Trump-Themed Token Coming (Yet)

Trump’s social media platform slams the brakes on crypto speculation—because what the world really needs is another celebrity memecoin, right?

Insiders confirm no blockchain partnerships or token launches are in the works. Meanwhile, traders keep gambling on vaporware.

Another day, another denied crypto rumor. At least the SEC will be relieved.

WLFI, Trump Jr. Debunk New Memecoin Rumor

Shortly after the rumor gained traction in the crypto community, Donald TRUMP Jr., the eldest son of President Donald Trump, posted on X, warning community not to be fooled by such fake posts.

“There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating,” he wrote.

There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating. https://t.co/rbmcoT1tB3 pic.twitter.com/VDOEd8cqGr

Additionally, WLFI, the Trump family-backed crypto project, clarified that it is the only legitimate DeFi project affiliated to President Trump.

WLFI emphasized that all other tokens claiming to have ties to Trump are scams, “trying to take advantage of people who don’t know better.”

“Don’t be fooled. There is no new Trump crypto project. WLFI is the only DeFi project backed by the Trumps.”

Don’t be fooled. There is no new Trump crypto project.
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. https://t.co/SxUs9zh9Wc

Official Trump Coin Sees Optimism, Up 17% Since Last Week

The pro-crypto president launched his own TRUMP token on the solana blockchain in Jan, while first lady Melania Trump launched a MELANIA memecoin.

Both the memecoins have tanked since then, with TRUMP and MELANIA trading at 12.77 and 0.374 at press time.

The OFFICIAL TRUMP token has shown strength with 17% surge over the past week, and 49.7% gains on the monthly chart, according to coinmarketcap data.

However, the daily trading of TRUMP memecoin is down by nearly 10%, the data revealed. Upon launch of the token early this year, TRUMP surged to a staggering $80, before losing 85% of its value in March.