Trump Coin Rumors Swirl: Another Memecoin Grift in the Making?

Political memecoins are back in the headlines—this time with whispers of a new Trump-linked token hitting the market. Because nothing says ’financial innovation’ like marrying internet jokes to election-year hype.

Pump-and-dump déjà vu? The crypto sphere has seen this script before: a celebrity name gets slapped on a useless token, retail FOMO kicks in, and the early whales cash out before the inevitable crash. Now the cycle might repeat with America’s favorite political lightning rod.

Market mechanics meet meme magic. These coins typically ride three waves: influencer tweets spark the initial pump, exchanges list the token for ’democratized access’ (read: easier dumping), and the SEC eventually starts asking questions—though never fast enough to save bagholders.

Here we go again? If history rhymes, this won’t end well for anyone except the insiders who get in early. But hey, at least it’s more entertaining than watching politicians pretend to understand blockchain.

Another Trump coin?

Rumors circulated on May 12 that Truth Social, owned by Trump Media & Technology Group, was launching a new meme coin, similar to the OFFICIAL TRUMP coin. 

The launch WOULD follow the introduction of TRUMP and MELANIA meme coins in January, both of which saw significant price drops after initial surges.

While the Trump Organization claims the former president’s assets are in a trust managed by his children, critics say the project poses ethical concerns. Senator Chris Murphy called the coin “the single most corrupt act ever committed by a president,” citing the potential for anonymous foreign donors to buy influence.

Recent data shows that while large investors have profited over $1.5 billion — $48 million since the dinner announcement, around 600,000 wallets have collectively lost $3.87 billion, many buying on secondary markets.