Donald Trump Jr. denies the rumors about the memecoin of Truth Social

In recent days, the world of cryptocurrencies has been shaken by a series of rumors suggesting an imminent launch of a memecoin by Truth Social, the social platform founded and supported by President Donald Trump. However, these rumors were promptly denied by Donald Trump Jr.. He described such claims as “ false informazioni ” and warned users against possible scams. The direct intervention of Trump Jr. on X regarding Truth Social In a post published on Monday, May 12, 2025, on the X platform (formerly Twitter), Donald Trump Jr. wanted to unequivocally clarify the Trump family’s position regarding an alleged token linked to Truth Social: “ There is no truth to the fact that Truth Social is launching a memecoin . Do not be fooled by the false information that people are circulating .” The comment comes in response to a viral post by the crypto influencer Ran Neuner . He had claimed that a token linked to Truth Social was in development, asserting that it was the work of the same team behind the memecoin TRUMP . His statements quickly attracted the attention of the crypto community, fueling speculation and confusion. The denial from Trump Jr. comes at a time when several unofficial “Truth” themed tokens are appearing on blockchains like Ethereum and on trading platforms based on Solana , according to data from DEXTools . These tokens, which exploit the name and image of Truth Social or the Trump family, have no connection with the official projects and have been described by Trump Jr. as attempts of fraud . To strengthen the position of Trump Jr., World Liberty Financial (WLFI), a DeFi project linked to the Trump family, also intervened. In a post also published on X, WLFI reiterated that there is no official new crypto project linked to Donald Trump or his social platform: “ 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 any better ” . Truth Social and the Digital Future: a Reward Coin is Coming Despite the denials regarding a memecoin, Truth Social is not entirely unfamiliar with the idea of introducing elements related to the world of cryptocurrencies. In a letter to shareholders published at the end of April, the platform announced the intention to launch a reward coin accompanied by a digital wallet . However, it is an internal project and well distinct from the speculative tokens that are currently circulating in the bull market. This initiative, if confirmed, would represent a concrete step towards the integration of digital tools within the Truth Social ecosystem. A step with a view to user engagement and loyalty , rather than financial speculation. The case of Truth Social fits into a broader context in which political-themed cryptocurrencies are gaining visibility. Tokens like TRUMP and others similar have attracted the interest of investors and enthusiasts, often riding the wave of the notoriety of public figures. However, the lack of an official connection with the characters involved makes these projects particularly risky for those who invest in them. The statement by Trump Jr. and the support of WLFI represent a clear attempt to protect the public from fraud and to preserve the integrity of the projects truly associated with the Trump family. A clear message to investors The message that emerges from this story is unequivocal: there is no official memecoin of Truth Social . The rumors spread by some crypto influencers have been directly denied by members of the Trump family and by WLFI, the only DeFi project recognized as legitimate. Users and investors are therefore invited to exercise maximum caution . Especially in a sector like that of cryptocurrencies, where disinformation can easily turn into economic losses . The proliferation of unofficial and fraudulent tokens demonstrates how important it is to always verify sources and rely only on official communications. In an era in which news spreads rapidly on social media and speculazioni digitali can have real consequences, transparency becomes essential. With his statement, Donald Trump Jr. aimed to reestablish the truth and warn the public about those who seek to exploit the Trump family name for personal purposes. In the meantime, Truth Social looks ahead with concrete projects like the reward coin and the digital wallet. Signs of a growing interest in technological innovation, but always with respect for legality and user trust . Source: https://en.cryptonomist.ch/2025/05/13/donald-trump-jr-denies-the-rumors-about-the-truth-social-memecoin-only-truffatori/