Truth Social Denies Meme Coin Plans Amid Trump Token Volatility
Trump Media & Technology Group has categorically denied rumors of a Truth Social meme coin launch, with Donald Trump Jr. dismissing the speculation as "false information." The clarification comes amid market turbulence for Trump-affiliated tokens like $TRUMP and $MELANIA, which saw declines as confusion over crypto initiatives persisted.
Earlier speculation had been fueled by a shareholder letter referencing a potential utility token for the Truth+ video platform. The denial underscores the challenges of separating fact from fiction in the politically charged crypto space, where celebrity-linked tokens remain highly sensitive to unverified claims.