Truth Social Has No Plans for a Meme Coin Launch
The post Truth Social Has No Plans for a Meme Coin Launch appeared first on Coinpedia Fintech News
Rumors have been spreading fast in the crypto space, claiming that Truth Social, the social media platform backed by Donald Trump, is preparing to launch a meme coin. After careful verification and review of original sources, we can confirm — these rumors are completely false.
Where Did the Meme Coin Rumor Start?The speculation began when Ran Neuner, founder of Crypto Banter, posted on X that a Truth Social meme coin could be launching within 72 hours. He compared it to the already existing “TRUMP” meme coin on the Solana network, triggering widespread discussion about a potential Trump-led crypto push.
This claim rapidly gained attention across social media platforms, amplified by users and communities eager for new meme coin opportunities.
Influencers React, But Denials FollowCrypto influencer Wendy O responded to the speculation by calling the idea “silly,” suggesting that if Truth Social wanted to support a coin, it could simply stick with the existing TRUMP token.
Shortly after the rumor picked up steam, it was debunked by both Donald Trump and the World Liberty Financial (WLFI) project, which is officially backed by the Trump family.
WLFI and Trump Set the Record StraightWLFI issued a firm denial on X, stating:
“There is no new Trump crypto project. WLFI is the only DeFi project backed by the Trumps. Anyone else pushing fake tokens is just a scammer trying to take advantage of people.”
— Source: World Liberty Financial on X
Donald Trump also issued a statement confirming that there is no truth whatsoever to the meme coin claims. He warned users to be cautious about fake information circulating online.
What’s Real and What’s Not?Here’s what is actually verified:
- Truth Social is owned by Trump Media & Technology Group (TMTG) and is listed on Nasdaq.
- Earlier this year, Trump launched two meme coins: TRUMP and MELANIA, both of which have declined in value.
- WLFI is the only officially Trump-backed crypto project.
- There is no new Truth Social meme coin being launched.
This viral meme coin rumor is baseless and has been publicly denied by all credible parties involved. It serves as a reminder of how quickly misinformation can spread in crypto, often creating opportunities for scammers to take advantage of public hype.