Truth Social Denies Meme Coin Launch Amid Market Frenzy

Truth Social, a platform launched by Donald Trump to challenge Big Tech and cater to right-wing audiences, has denied rumors of launching a meme coin. The controversy began when Ran Neuner, founder and host of the popular Crypto Banter show, posted on X (Twitter) that the Truth Social meme coin was imminent. Neuner's 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, which surged in popularity during the US election season.

However, several entities affiliated with President Trump have shut down the claims, including Truth Social itself. Truth Social denied the rumors, stating that there is no new Trump crypto project. World Liberty Financial (WLFI), the Trump family’s decentralized finance (DeFi) project, also slammed the rumors, warning that anyone else pushing fake tokens is just a scammer trying to take advantage of people who do not know better. Donald Trump Jr., one of the president’s sons, echoed the warning, noting that there is no truth whatsoever about Truth Social launching a meme coin. 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. However, some confusion remains. Observers pointed out that Truth Social’s name on X appears with the tag “$DJT.” 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. Trump Media & Technology Group (TMTG) 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.

Nunes wrote that as part of a rewards program, the company is exploring the introduction of a utility token within a Truth digital wallet. 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.