Truth Social Is NOT Launching a Meme Coin

Rumors have been spreading fast in the crypto space, claiming that Truth Social, the social media platform backed by Donald Trump, is preparing to launch a meme coin.

Rumors have been spreading rapidly in the crypto space, claiming that Donald Trump is gearing up to launch a meme coin with his social media platform, Truth Social. After examining the original sources and verifying the information, we can confirm that these rumors are completely false.

The speculation began when Ran Neuner, founder of Crypto Banter, posted on X that a Truth Social meme coin could be launching within 72 hours. He compared it to the already existing “TRUMP” meme coin on the Solana network, sparking widespread discussion about a potential Trump-led crypto push.

This claim quickly gained attention across social media platforms, with users and communities amplifying the rumors and expressing excitement for a new meme coin opportunity.

Crypto influencer Wendy O responded to the speculation by calling the idea “silly,” suggesting that if Truth Social wanted to support a coin, it could simply stick with the existing TRUMP token.

However, shortly after the rumor began circulating, it was debunked by both Donald Trump and the World Liberty Financial (WLFI) project, which is officially backed by the Trump family.

Both WLFI and Trump issued statements on X to clear up the misinformation and warn users about potential scams.

“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.” — Source: World Liberty Financial on X

Donald Trump also issued a statement confirming that there is no truth whatsoever to the meme coin claims. He urged users to be cautious about fake information circulating online.

Here’s what is actually verified:

• The viral meme coin rumor is completely false and has been publicly denied by all credible parties involved.

• The only crypto project officially backed by the Trump family is the World Liberty Financial (WLFI) project.

• No new Trump-led crypto project is being launched.

This serves as a stark reminder of how quickly misinformation can spread in the crypto sphere, often creating openings for scammers to capitalize on public hype. As meme coin interest continues to rise, it’s crucial to remain vigilant and cross-reference information from trustworthy sources.