“There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating.”
It stated:
“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 better.”
These comments responded to rumors from the popular crypto influencer Ran Neuner, who suggested on X that a Truth Social memecoin was looming.
According to Neuner:
“Truth Social Memecoin launching in next 72 hours. Seems like similar gang to TRUMP team.”
However, the Trump family’s clarification has cleared up the misinformation that had been gaining traction on social media.
Although a Truth Social memecoin appears off the table, the rumors reflect growing interest from the Trump circle in crypto.
The firm’s CEO, Devin Nunes, highlighted plans for a ‘native utility token’ and digital wallet for its video streaming platform, Truth+. That token may be used for subscriptions and extended to other platform services.
The Truth+ token is set to have utility within the ‘Truth ecosystem’ for payments but could also function similarly to a memecoin in terms of momentum-based price increases due to Donald Trump’s fan base. Thus, whether the token discussed by Nunes is now off the table too remains unclear.]
