Truth Social Denies Meme Coin Plans as Trump Token Slips

by shayaan

In short

  • Trump Media denied rumors that it will launch a truth of social meme coin, which calls the claims incorrect.
  • A shareholders’ letter ran a utility firing last month to his Truth+ Video platform.
  • Trump-Lied tokens such as $ Trump and $ Melania then fell into confusion about crypto-plans.

The social media platform of Trump Media & Technology Group, Truth Social, refused Reports on Tuesday that it is planning a meme -munt, after online speculation that was a launch.

“There is no truth about truth Social Lanced a Meme Coin. Don’t be fooled by false information that people are circulating,” “Donald Trump’s oldest son, Donald Trump Jr., posted On X.

The denial came after Crypto Trader Neuner ran claimed In a now wide -shared message that Truth Social would roll out a meme -mint within 72 hours.

But claims that the company is not interested in launching crypto products, may not be entirely convincing.

In a shareholders letter last month, Trump Media floating The idea of ​​introducing a “utility token” and digital wallet, connected to its upcoming Truth+ Video streaming platform.

“As part of a reward program, we are investigating the introduction of a Utility token in a Truth Digital Wallet that can initially be used to pay for Truth+ Subscription Costs,” wrote CEO Devin Nunes, adding the token could ultimately be used in other Trump Media Services.

A world of lies?

World Liberty Financial-a separate crypto-company die-related by Trump also warned users warned of fake projects.

Marketing itself as a decentralized financial platform that will compete with traditional banks, the range of WLFI is limited to the sale of its native token and setting up portfolios. Toking does not remain available for public trade.

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“WLFI is the only Defi project that is supported by the Trumps,” it said. “Everyone else who pushes fake tokens is just a scammer who tries to take advantage of people who don’t know better.”

However, the Trumps have other crypto projects, in particular different meme coins and NFT collections.

The first have seen their prices fall as rumors about the Truth Social Meme Coin were destroyed. The $ Trump -Tok fell 10% to $ 12.75 in the last 24 hours, while $ Melania drop 9% to $ 0.37, according to Coingecko.

Confusion and contradictions about the growing Crypto -Rijk van Trump are a reason to increase a growing recoil.

In addition to Trump and Melania-linked NFT collections and meme coins, the research that Trump had announced was that the top holders of the Trump token would be invited to one private dinner and reception on May 22.

The Gala Access in the Leaderboard has activated warnings from legislators and watchdog groups. Responsible. called The event “The most mercilessly corrupt self -recruitment schedule in American presidential history.”

Legislators have summoned further research In Trump’s crypto transactions.

Edited by Sebastian Sinclair

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