Trump Team Denies Truth Social Crypto Token Launch—Wall Street Breathes (Or Sighs)
Rumors of a Truth Social-branded cryptocurrency hit a wall as Trump’s inner circle shuts down speculation. No MAGA-themed memecoin—for now.
Sources close to the former president’s team confirm there are no active plans to tokenize the platform, despite crypto’s political fundraising goldrush. Another case of ’buy the rumor, sell the news’—except there wasn’t even a rumor to buy.
Truth Social’s parent company, trading under DJT, saw volatile swings amid the speculation. Because nothing says ’stable investment’ like mixing politics and altcoins.
Paxos-Backed USDG Builds Global Presence Through Revenue-Sharing Model
Despite the clear denials, confusion lingered online. Some users noted the presence of “$DJT” in Truth Social’s display name on X, fueling speculation that a ticker-like reference might hint at a future crypto release. Others pointed to past comments from Trump Media’s CEO, Devin Nunes, who previously floated the idea of a utility token tied to platform engagement.
