Truth Social Denies Memecoin Launch Rumors as TRUMP Token Trades at $12.52
The post Truth Social Denies Memecoin Launch Rumors as TRUMP Token Trades at $12.52 appeared on BitcoinEthereumNews.com.
TLDR Truth Social and Donald Trump Jr. officially denied rumors about launching a memecoin Rumors began after crypto influencer Ran Neuner claimed a Truth Social token would launch within 72 hours President Trump has previously launched his own TRUMP token, which is currently trading at $12.52 The TRUMP token has fallen 80% from its all-time high of $73.43 Top TRUMP token holders will reportedly be invited to a special gala dinner on May 22 Truth Social, the social media platform owned by Trump Media & Technology Group, has firmly denied rumors that it plans to launch a memecoin. The official Truth Social account posted a clear statement on its platform: “Contrary to rumors, Truth Social is not launching a memecoin.” Donald Trump Jr., the eldest son of President Donald Trump, reinforced this message on X. “There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating,” he stated. 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 denials came in response to claims made by crypto influencer Ran Neuner. Neuner, who hosts the Crypto Banter podcast, had tweeted that a Truth Social token would be launched within 72 hours. Neuner also suggested the token would be backed by a team similar to those involved with the TRUMP token launch. When contacted for comment about the source of his claims, Neuner did not respond by publication time. President Trump holds a majority stake in Trump Media & Technology Group, which owns Truth Social. The platform was created as an alternative social media option after Trump was banned from mainstream platforms following the January 6, 2021 Capitol events. Trump’s Existing Cryptocurrency Ventures…
Filed under: News - @ May 13, 2025 10:26 am