Eric Trump denied on August 22, 2026 that President Trump is launching a new coin, but three Trump-linked crypto tokens (TRUMP, MELANIA, WLFI) already trade far below their peaks: TRUMP launched on Solana on January 17, 2025 and fell from a $73.43 peak to a $1.37 record low before an 88% rebound, MELANIA trades near $0.086 (~99% below peak, $86M market cap), and WLFI sits around $0.06 (~78% down). Blockchain analytics firm Nansen estimates about 1.48 million wallets bought TRUMP with ~988,905 underwater and $3.81 billion in combined losses, Trump reported over $1.4 billion in 2025 crypto income, and mounting Senate scrutiny plus a September 15 procedural vote on the CLARITY Act and public backlash present regulatory and security risks to token adoption, fundraising and market credibility.

Bearish

Predictions Markets

See what traders are focused on

View analytics →

In Brief

Eric Trump denies Donald Trump is launching a new coin, calling the rumor fraud.
TRUMP, MELANIA and WLFI all trade far below their peaks.
A poll found 63% of Americans call Trump's crypto profits inappropriate.

Eric Trump denied that President Donald Trump is preparing to launch a new coin, calling the claim fraudulent in a post that drew 2.1 million views on X.

He responded to a post claiming the President was launching a new coin.

What a joke… This is absolutely not true. No one is launching any kind of coin. If anyone is suggesting otherwise, it’s a fraud. https://t.co/H0nWXNL8rn
— Eric Trump (@EricTrump) August 22, 2026

Three Trump-Linked Coins Trade Far Below Their Peaks

The denial concerns a new token. Nonetheless, three Trump-linked assets already trade, but their performance has been far from impressive. Each trades sharply below its all-time high.

Official Trump (TRUMP) launched on Solana on January 17, 2025, three days before the second inauguration. It reached $73.43 within two days and has since lost most of its value.

TRUMP set a record low of $1.37 on August 13 and has since climbed about 88%. That rebound tracked a broader market rally.

Performance Of Trump-Linked Tokens. Source: BeInCrypto

Melania Meme (MELANIA) followed two days after TRUMP. It now changes hands for around $0.086, about 99% below its peak, with a market value of $86 million.

Trump-backed World Liberty Financial (WLFI) began trading in September 2025 and briefly touched $0.33. Eric Trump also lists it in his X profile. The governance token sits near $0.06, roughly 78% down.

Losses, Senate Scrutiny, and Public Opposition

The declines have had a measurable cost for buyers. Blockchain analytics firm Nansen previously tracked about 1.48 million wallets that bought TRUMP. It counted 988,905 underwater, with $3.81 billion in combined losses.

As of the latest data, the picture has not changed much. Among wallets still holding meaningful TRUMP, the majority are underwater. Nansen data consistently shows ~85–95%+ of held positions at a loss, most clustered near −97% unrealized ROI.

However, the outcome has been different for the President himself. Trump reported more than $1.4 billion in crypto income for 2025. His disclosure listed over $500 million from WLFI sales and more than $600 million through CIC Digital.

Senate Democrats, including Elizabeth Warren and Richard Blumenthal, have pushed for investigations into potential national security risks from Trump’s crypto ties.

Public backlash has also followed. A Reuters/Ipsos poll found 63% of Americans call the profits inappropriate, while 69% said his business interests shape presidential decisions.

Senators face a procedural vote on the CLARITY Act on September 15. One draft provision would bar sitting officials from issuing digital assets, turning Eric Trump’s denial into a legal requirement.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Read the article at BeInCrypto