Trump Jr. Denies Truth Social Memecoin Rumors Amid Family’s Growing Crypto Ventures

Shock as Trump Jr. Denies Truth Social Memecoin Rumors Amid Family’s Growing Crypto Ventures

By [Mr Author] CryptoInvestar

Donald Trump Jr. has firmly denied circulating rumours that Truth Social  the social media platform backed by US President Donald Trump  plans to launch its own memecoin.

In a statement shared on May 13, the President’s son dismissed the claims outright, urging followers not to fall for misleading speculation.

“There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating,” Trump Jr. said.

The comments followed speculation from well-known crypto influencer Ran Neuner, who suggested via social platform X that a Truth Social-branded memecoin could debut within 72 hours.

Neuner hinted it might be connected to the same team behind the TRUMP token, a digital asset already linked to the President’s circle.

Family-Backed DeFi Project Also Responds

World Liberty Financial (WLFI), a decentralized finance project backed by the Trump family, echoed Trump Jr.’s statement.

The group issued a clear warning to investors, reiterating that no new Trump-related cryptocurrency ventures were in development.

“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,”the group stated.

The coordinated response appears to have effectively quashed the fast-spreading rumours, which had gained momentum on crypto-focused social media channels.

Trump’s Expanding Crypto Footprint

While a Truth Social memecoin may be off the table, the Trump family’s growing interest in the cryptocurrency sector remains evident.

Last month, Trump Media and Technology Group (TMTG) — the parent company behind Truth Social revealed plans for broader cryptocurrency integrations.

The firm’s CEO, Devin Nunes, announced that a native utility token and digital wallet were in development for the company’s upcoming video streaming platform, Truth+.

The token would be designed for subscriptions and transactions within the Truth ecosystem, and potentially for other platform services.

However, whether this token remains part of TMTG’s roadmap, following the memecoin rumours, is currently unclear.

Editor’s Note: While no Truth Social memecoin is in development, it’s worth noting that the TRUMP token, which many classify as a memecoin, carries unique utility.

Holders with enough tokens reportedly gain direct access to meet the US President, blurring the lines between novelty coin and functional asset.]

In addition to token development, TMTG recently partnered with Crypto.com and Yorkville America to launch a new range of exchange-traded funds (ETFs).

These investment products are expected to blend traditional financial assets with cryptocurrencies such as Bitcoin and Cronos (CRO), signalling a deeper commitment by the firm to digital finance.

Trump Jr. Denies Truth Social Memecoin Rumors Amid Family's Growing Crypto Ventures
Trump Jr. Denies Truth Social Memecoin Rumors Amid Family’s Growing Crypto Ventures

From Bitcoin Skeptic to Crypto Proponent

Donald Trump’s relationship with cryptocurrency has undergone a striking transformation over the years.

Once a vocal critic of Bitcoin, the President has since embraced digital assets, becoming the first US presidential candidate to accept Bitcoin donations during his latest campaign.

His crypto involvement extends well beyond campaign finance.

Trump has released multiple NFT collections, publicly backed WLFI as a decentralized finance project, and appointed several pro-crypto officials since returning to office  including former SEC commissioner Paul Atkins as the new Securities and Exchange Commission Chair, and financial executive Howard Lutnick as Secretary of Commerce.

These moves reflect a broader shift within Trump’s political and business strategy, positioning digital assets and blockchain technology as key components of his economic and innovation agenda.

The Verdict

While the Truth Social memecoin rumour has been firmly denied by Trump Jr. and WLFI, it underscores the heightened interest surrounding the Trump family’s crypto initiatives.

As TMTG pursues utility tokens, ETFs, and new platform integrations, the line between political influence and digital finance continues to blur.

For now, the memecoin speculation appears to have been little more than social media noise  but the Trump family’s crypto ambitions are undeniably real, and likely to keep the industry watching closely.


Mr Author

Author is a renowned crypto writer and podcaster, active in the industry since 2019. Beyond his expertise in cryptocurrency, he has made notable appearances in various media outlets. He presented the BBC's "Big Dollar Giveaway" and the thought-provoking documentary "The Dead Are Not Dead" on BBC World Services. Additionally, Leinhardt has contributed to four international documentaries focused on OneCoin, showcasing his depth of knowledge in the crypto space. His diverse experiences and insights have solidified his position as a respected voice in the cryptocurrency community.
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