title: Truth Social Denies Rumors About Launching a New Memecoin

Truth Social, the social media platform tied to Donald Trump, has categorically denied widespread rumors about the launch of a new memecoin.

Social media rumors about the launch of a Truth Social memecoin have been shot down by the platform itself.

The rumors started after TV host Ran Neuner claimed on X that a cryptocurrency would be launched by the platform in the next 72 hours. His message also linked the platform to the team behind the $TRUMP token, which quickly triggered reactions from the crypto community.

Truth Social Will Not Launch Any Memecoin

Neuner’s post was met with mixed reactions as users and analysts discussed the possibility of Truth Social formally entering the memecoin market. Some influencers, like Wendy O, suggested that it was unnecessary and that the community should focus on $TRUMP, the already existing token purportedly linked to the former President.

As the rumor spread, Donald Trump Jr. stepped in directly to warn the community against false information. Through his X account, he made it clear that Truth Social has no plans to release any memecoin, and any claims suggesting otherwise are baseless.

WLFI, the decentralized project backed by the President’s family, also addressed the situation. It reminded the public that it remains the only officially recognized DeFi initiative linked to President’s circle and warned about other tokens attempting to exploit the brand to deceive unsuspecting users. According to their statement, no other cryptocurrency claiming ties to the former President has authorization or legitimacy.

$TRUMP Up 50% Over the Past Month

The $TRUMP token remains active in the market following its launch on the Solana network in January. Despite suffering a sharp drop from its all-time high of $80, it has rebounded 17% in the past seven days. Over the last month, it recorded a nearly 50% increase, although its daily trading volume has fallen by 10% compared to previous days. Its current value stands at approximately $12.84 per token.