coindesk.com
Donald Trump Jr. has denied viral rumors by crypto influencers that Truth Social — the conservative social media platform tied to former President Donald Trump — is launching a memecoin.
Infamous influencer Ran Neuner pushed claims and a viral post on an upcoming Truth Social token, saying it was from the same team as the TRUMP memecoin.
“There’s no truth whatsoever about Truth Social launching a memecoin,” Trump Jr. wrote on X late Monday. “Don’t be fooled by false information people are circulating.”
There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating. https://t.co/rbmcoT1tB3 pic.twitter.com/VDOEd8cqGr
— Donald Trump Jr. (@DonaldJTrumpJr) May 12, 2025
The clarification amid a wave of unaffiliated “Truth”-themed tokens appearing across Ethereum and Solana-based trading platforms, data from DEXTools shows.
World Liberty Financial ($WLFI) — a DeFi project tied to the Trump family — reaffirmed Trump Jr.’s statement.
“Don’t be fooled. There is no new Trump crypto project,” $WLFI posted on X. “$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.”
The Trump-backed Truth Social, launched in 2022, has never officially engaged with crypto despite growing speculation around political tokens.
The platform does intend to launch a rewards coin with an attached digital wallet, however, per a shareholder letter from late April.