No Truth to Truth Social Meme Coin Launch, Trump Team Confirms
By: bitcoin ethereum news|2025/05/13 16:45:05
0
Share
Reports circulated that Truth Social, a platform launched by Donald Trump to challenge Big Tech and cater to right-wing audiences, was launching its meme coin. However, key Trump-affiliated entities have shut down speculation over a Truth Social meme coin launch. No Truth In Truth Social Meme Coin Rumors The controversy began Monday when Ran Neuner, founder and host of the popular Crypto Banter show, posted on X (Twitter) that the Truth Social meme coin is imminent. “Truth Social Memecoin launching in the next 72 hours. Seems like a similar gang to the $TRUMP team. Keep your eyes and ears peeled,” Neuner shared. The post quickly went viral, sparking a frenzy among meme coin traders and Trump-themed token enthusiasts. Many speculated that the new coin would follow in the footsteps of the TRUMP coin, the token that surged in popularity during the US election season. However, several entities affiliated with President Trump have put out the claims, including Truth Social itself. In the same tone, World Liberty Financial (WLFI), the Trump family’s decentralized finance (DeFi) project, slammed the rumors. “Don’t be fooled. There is no new Trump crypto project. WLFI is the only DeFi project backed by the Trumps. Anyone else pushing fake tokens is just a scammer trying to take advantage of people who do not know better,” WLFI articulated. Donald Trump Jr., one of the president’s sons, also echoed the warning, noting, “There’s no truth whatsoever about Truth Social launching a meme coin.” Labeling the claims as misleading, he also urged users not to fall victim to false information. In response to the backlash and confirmations from official sources, Neuner followed up with another post acknowledging the denials. Meme Coin Speculation is Down But Not Out Still, some confusion remains. Observers pointed out that Truth Social’s name on X appears with the tag “$DJT.” “Why do they have $DJT in their name?” a user quipped. The sentiment is that DJT, the Trump Media & Technology Group (TMTG) stock ticker, could also be misconstrued as a cryptocurrency symbol. This detail fueled speculation, especially as $DJT was trending on several crypto meme token forums. Adding to the intrigue, previous reports had suggested that Truth Social and its parent company were exploring the idea of launching a cryptocurrency to enhance platform utility. TMTG’s CEO and Chairman, Devin Nunes, outlined the company’s plans to expand its digital offerings and explore various monetization avenues for Truth+. Specifically, Trump Media was considering a token launch to create an internal economy across its media properties. However, no timeline or formal announcement ever materialized. “As part of a rewards program, we’re exploring the introduction of a utility token within a Truth digital wallet,” Nunes wrote. The denial from all parties, however, appears unequivocal. There is no confirmed Truth Social cryptocurrency project, meme coin, or otherwise. Still, the rapid spread of the rumor and the market reaction that followed reflect the intense speculation surrounding Trump-branded crypto assets. Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Source: https://beincrypto.com/trump-team-deny-truth-social-meme-coin/
You may also like
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.
Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.
Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed
The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...
Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.
The interim executive director of the Ethereum Foundation speaks out: What is our mission?
"We are here to strengthen defenses against where Ethereum has already become or may become extractive, comprehensive, or susceptible to cartel or state control, or influenced by tools of surveillance or coercion from authoritarian regimes."
Why does OKX want to start a new company with the parent company of the New York Stock Exchange?
ICE and OKX established OKXICE, symbolizing the relationship between traditional finance and the crypto market is transitioning from "tentative cooperation" to "infrastructure-level integration."
Why Is PAXG Price Different From Gold? 5 Reasons Crypto Traders Should Know
Why is PAXG different from gold? Learn the 5 key reasons PAXG and XAUT prices can trade above or below spot gold, including liquidity, funding rates, futures basis, and weekend trading effects.
WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities
Learn how WEEX OpenAPI connects traders, developers, AI agents, and trading platforms. Discover WEEX API features, Binance-compatible integration, automated trading workflows, revenue opportunities, and ecosystem possibilities.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
