Busting the Rumours: Truth Social Meme Coin Promises Sent Both Social Media and Crypto Markets into a Tailspin

A rumour about a Truth Social meme coin has sent social media and crypto traders into a tailspin this week before being swiftly denied by all official Trump-linked entities.

The speculation started with a viral tweet from Crypto Banter host Ran Neuner.

Although these claims were quashed by Donald Trump Jr., World Liberty Financial (WLFI), and Truth Social itself, the use of “$DJT” in the platform’s X profile has kept speculation alive in some corners of the market.

Trump-linked groups deny claims

The controversy erupted on Monday when Neuner posted on X that a “Truth Social Memecoin” would be launching within 72 hours, suggesting it was being backed by the same team that previously launched the TRUMP token.

That post rapidly circulated among meme coin investors, who interpreted the news as a signal of a new Trump-themed token entering the market.

Truth Social, operated by Trump Media & Technology Group (TMTG), issued a denial on Monday evening.

In a statement to Blockworks, Truth Social said no meme coin is in launch or development with the company, adding that World Liberty Financial remains the only crypto project backed by the Trump family.

WLFI also issued a warning to users, noting that “anyone pushing fake tokens” is likely running a scam targeting uninformed investors.

The crypto project, which is currently focused on launching its own token later this year, advised users to remain vigilant.

Donald Trump Jr. also weighed in on the rumour, cutting through the speculation with a brief but blunt message.

“There is no truth whatsoever to this. Please stop spreading rumours!” Jr advised his 10.4m followers.

Neuner later acknowledged the backlash, posting a follow-up to indicate that denials had been issued and no confirmation existed about a Truth Social-linked crypto token.

TMTG’s past token idea resurfaces

The current wave of speculation follows earlier reports that Trump Media was exploring ways to monetise its digital platforms.

Devin Nunes, CEO and Chairman of TMTG, previously mentioned a digital rewards programme that could involve a token launched within a Truth+ digital wallet.

Those ideas were floated in internal planning stages but never moved to public rollout or announcement.

Despite that, lingering memories of the proposal have resurfaced amid the current speculation, adding fuel to online forums discussing DJT-related meme coins.

The ticker “$DJT” — primarily used for TMTG’s stock — has further complicated the matter. Since X profiles can include dollar-sign tickers, users spotted that Truth Social’s X account includes “$DJT” in its handle. This was interpreted by some as a crypto ticker.