TikTok Slams Reports of $300M Trump Coin Investment as ’Pure Fiction’
Social media giant TikTok just dropped the hammer on explosive claims it funneled $300M into a Trump-branded cryptocurrency. Cue the market chaos.
Behind the Denial
Insiders whisper this reeks of coordinated FUD—another attempt to spook retail investors ahead of election season. Remember when 'Elon buys Bitcoin' tweets moved markets? Now polticoins are the new pump-and-dump.
The Bigger Game
While TikTok's denial was swift, the real story's in the trading volumes. Trump Coin's price swung 40% on the rumor alone—proof that in crypto, perception trumps reality every time. Literally.
Closing Thought: Nothing boosts a token's valuation like a juicy scandal... except maybe a presidential tweet. Welcome to 2025's meme economy, where fundamentals are for boomers.
TLDR
- TikTok has denied accusations of purchasing $300 million worth of Trump meme coins.
- Congressman Brad Sherman claimed TikTok’s parent company was involved in a major Trump Coin investment.
- The allegations emerged after President Trump extended TikTok’s U.S. deadline by 90 days.
- TikTok stated that it has no involvement in any cryptocurrency purchases or partnerships related to Trump Coin.
- GD Culture Group announced plans to invest in Trump Coin and Bitcoin but did not confirm any ties to TikTok.
A new controversy has emerged involving TikTok and claims of cryptocurrency dealings. Congressman Brad Sherman accused TikTok’s parent company of buying $300 million worth of Trump meme coins. TikTok has strongly denied the allegation, calling it false and unsupported.
The issue surfaced after President Donald Trump signed a new Executive Order. The order extended the deadline for TikTok’s U.S. operations by 90 days, now set for September 17, 2025. Shortly after the announcement, allegations linked TikTok to crypto purchases through a third-party entity.
The law allows only one single extension, so Trump’s failure to enforce it is illegal.
However, the Chinese owners of TikToK have announced they are buying “Trump Coins” for $300 million. TRUMP creates “Trump Coins” at no cost, meaning this is just a $300 million bribe that goes… https://t.co/kBzCMUcN7t
— Congressman Brad Sherman (@BradSherman) June 19, 2025
TikTok’s official policy account on X issued a public denial. The platform clarified that neither ByteDance nor its subsidiaries purchased Trump Coins. The company emphasized the lack of evidence behind the Congressman’s accusation.
TikTok Denies Link to Trump Coin
Reports suggest GD Culture Group announced a $300 million investment in TRUMP Coin and Bitcoin in May. Congressman Sherman claims this company maintains links to ByteDance, but TikTok disputes any relationship. The app denied all transactions or ownership in the Trump-associated digital assets.
GD Culture Group has not responded to the claims regarding ByteDance connections. The firm only stated intentions to diversify its crypto portfolio. The investment plan has led to concerns over political influence in crypto markets.
Since its launch in January, the TRUMP Coin experienced a sharp surge to $75 and a $9 billion market value. Despite the initial spike, the coin has struggled to regain upward momentum. Analysts remain uncertain about its long-term performance and market trust.
World Liberty Financial Adds TRUMP Coin to Strategy
Trump’s DeFi project, World Liberty Financial, declared intentions to add TRUMP Coin to its investment approach. The decision raised new ethical questions regarding conflicts of interest, and market participants voiced concern about the overlap between political power and crypto assets.
With all the news lately, whats been happening with $TRUMP?
In the last 7d, the price maintained at ~$9 and whales reduced by -2.57%
But top 100 holders just added another +0.17% to their bags over 7d—bringing their grip on supply to a staggering 86%.
Distribution score: 1. pic.twitter.com/XkbOEwH5VT
— Nansen 🧭 (@nansen_ai) June 20, 2025
Forbes reported that the Trump Family sold 20% of its stake in the same project. This strategic sale raised speculation about internal reassessments. However, no direct connection between TikTok and the asset purchase has been verified.
