Trump-Linked WLFI Denies Claims of New Trump Meme Coin
By: bitcoin ethereum news|2025/05/13 23:00:11
0
Share
Key Insights: Trump-linked World Liberty Financial (WLFI) warns against fake Trump meme coin projects. Donald Trump Jr. and Truth Social deny rumors about launching a meme coin. Confusion follows after influencer claimed a Truth Social token was coming. World Liberty Financial (WLFI), the Trump family-backed DeFi project, has issued a warning about fraudulent crypto projects. Some projects are falsely claiming association with President Donald Trump. In a statement posted on X, WLFI emphasized that it is “the only DeFi project backed by the Trumps” and cautioned that “anyone else pushing fake tokens is just a scammer trying to take advantage of people who don’t know better.” This clarification comes amid rumors about a potential Truth Social meme coin launch. This has been explicitly denied by both Donald Trump Jr. and the official Truth Social account. The denials follow claims by crypto influencer Ran Neuner that a Truth Social token would be launched within 72 hours. Trump family and Truth Social deny Trump meme coin rumors Multiple members of the Trump family and Trump-affiliated organizations have denied rumors of a new Trump meme coin launch. The statements come in response to speculation that Truth Social. The social media platform owned by Trump Media & Technology Group, was preparing to release a cryptocurrency . “There’s no truth whatsoever about Truth Social launching a meme coin. Don’t be fooled by false information people are circulating,” wrote Donald Trump Jr. on his X account. This direct statement from the former president’s eldest son leaves no ambiguity about the rumors’ validity. The official Truth Social account reinforced this message with its own statement: “Contrary to rumors, Truth Social is not launching a meme coin.” The platform, majority-owned by former President Donald Trump through Trump Media & Technology Group, has not announced any plans to enter the cryptocurrency space. These denials were prompted by claims from cryptocurrency influencer Ran Neuner, host of the Crypto Banter podcast. Neuner had posted on X that a Truth Social token would be launched “within the next 72 hours.” He suggested it was being developed by a team similar to those behind the existing Trump meme coin. World Liberty Financial (WLFI), rightfully supported by the Trump family, made the effort to set the record straight: “Don’t be fooled. There is no new Trump crypto project. WLFI is the only DeFi project backed by the Trumps.” This announcement makes WLFI the sole Trump-supported cryptocurrency project and proves that other tokens claiming the same are scams trying to dupe investors. Current Trump tokens come under scrutiny during controversy While fresh rumors of Trump meme coin have been refuted, other cryptocurrency projects connected to the ex-president continue to be in the spotlight. The TRUMP token, developed in official capacity by the ex-president, has been unstable and currently trades approximately 80% lower than its all-time high of $73.43. This was accomplished on January 19. The token recently generated controversy when President Trump announced that top tokenholders would receive invitations to a special gala dinner on May 22. This announcement drew criticism from several US senators, some of whom had previously called for Trump’s impeachment over the token launch. Joining the concerns was a Bloomberg report that raised doubts about the geographic concentration of large TRUMP token holders. The most recent data show that 220 wallets hold more than 13.7 million TRUMP tokens with an approximate value of $174 million. While their names are not known, at least some of them appear to be referencing well-known Trump supporters like Tron founder Justin Sun and Tesla CEO Elon Musk, with wallet names “Sun” and “elon.” Furthermore, First Lady Melania Trump also launched her own token, which is called MELANIA. This has spawned an ever-growing universe of Trump-family-related cryptocurrencies. This proliferation of Trump-related tokens takes place against the backdrop of the former president’s publicly pro-crypto stance. Source: https://www.thecoinrepublic.com/2025/05/13/trump-linked-wlfi-denies-claims-of-new-trump-meme-coin/
You may also like
Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin
Overview of Important Market Events on June 16
Cursor, why did you get on Musk's spaceship?
SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...
In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?
This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.
Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know
The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.
SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?
The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?
Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record
Overview of Important Market Events on June 15
The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?
SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.
How to exit after asset tokenization?
Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.
The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?
How does the GENIUS Act reshape the stablecoin landscape?
A16Z: The sun bears witness, SpaceX is worth 7.5 trillion
A deep analysis of Musk's ultimate grand vision: how SpaceX, xAI, and Tesla are deeply intertwined, using space AI data centers and Starships to gradually turn the sci-fi fantasies of Mars colonization and multi-planetary civilization into reality.
Mergers and acquisitions in the cryptocurrency market are exceptionally active
Behind the rise in mergers and acquisitions is a sluggish financing market, declining project valuations, and increased pressure for startup teams to exit. However, it also indicates that the cryptocurrency industry has not lost its capital vitality, but is completing resource reorganization in anot...
Concerns Behind the Binance Customer Service Controversy
As the user base expands to the scale of Binance today, relying on the personal efforts of the founder and a few employees to fill process gaps has become an unsustainable arrangement.
SpaceX Stock Prediction After the IPO: Can SPCX Reach $200 Before QQQ Inclusion?
SpaceX stock has become one of the hottest trades of 2026. Can SPCX reach $200 before QQQ inclusion? Discover the latest SpaceX stock prediction, analyst targets, Bitcoin exposure, and the key catalysts that could move SpaceX stock after its historic IPO.
Congratulations to Carl Moon on His Historic Ferrari Challenge Le Mans Podium Triumph
Crypto influencer and racing enthusiast Carl Moon finished third in the Ferrari Challenge Le Mans Coppa Shell class, marking his best result of the year. As his racing partner and sponsor, WEEX celebrates this remarkable achievement and continues to lead crypto’s journey beyond boundaries, uniting the innovation of digital assets with the passion of motorsport.
Can the CLARITY Act Become Law by July 4? Everything You Need to Know About the Final Battle
The CLARITY Act has cleared a major Senate hurdle, but the hardest battle is still ahead. With the July 4 deadline approaching, can the White House finally pass its biggest crypto regulation bill? Find the clues in our exclusive analysis below.
France vs Senegal World Cup 2026: Mbappe’s New Era Begins Against a Historic Rival
France vs Senegal World Cup 2026 preview: Can Mbappe lead France past Senegal after the shocking 2002 World Cup defeat? Full team news, predicted lineups, key battles, and WEEX's exclusive match prediction.
What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.
Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15
Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin
Overview of Important Market Events on June 16
Cursor, why did you get on Musk's spaceship?
SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...
In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?
This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.
Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know
The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.
SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?
The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?
Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record
Overview of Important Market Events on June 15
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
