Truth Social Denies Meme Coin Plans as Trump Token Slips

Trump Media & Technology Group’s social media platform, Truth Social, “There’s no truth whatsoever about Truth Social launching a meme coin. Don’t be fooled by false information people are circulating,” Donald Trump’s eldest son, Donald Trump Jr., The denial came after crypto trader Ran Neuner But claims that the company has no interest in launching crypto products may not be entirely convincing. In a shareholder letter last month, Trump Media “As part of a rewards program, we’re exploring the introduction of a utility token within a Truth digital wallet that can initially be used to pay for Truth+ subscription costs,” CEO Devin Nunes wrote, adding the token could eventually be used across other Trump Media services.World Liberty Financial—a separate Trump-affiliated crypto venture—also chimed in, warning users against fake projects. Marketing itself as a decentralized finance platform that will compete with traditional banks, WLFI’s offerings are limited to selling its native token and setting up wallets. The token remains unavailable for public trading.“WLFI is the only DeFi project backed by the Trumps,” it The Trumps do, however, have other crypto projects, most notably several meme coins and NFT collections. The former have seen their prices fall as rumors about the Truth Social meme coin were quashed. The $TRUMP token Confusion and contradictions around Trump’s expanding crypto empire are prompting growing backlash. Alongside Trump and Melania-linked NFT collections and meme coins, scrutiny spiked after Trump announced that the top holders of the TRUMP token would be invited to a The leaderboard-based gala access has triggered warnings from lawmakers and watchdog groups. Accountable.US Lawmakers have called for Edited by