‘Fake’ Trump Memecoin Alert: Truth Social Sets Record Straight on Token Rumors

• Truth Social denies launching any memecoin amid rising online rumors.
• Trump’s TRUMP token draws ethics concerns over token-holder gala invite.
• GENIUS Act stalls as lawmakers cite Trump’s crypto ties as conflict of interest.

Truth Social, the social media platform owned by Trump Media & Technology Group, has publicly and firmly denied reports that it is launching a new memecoin. These rumors, which circulated widely on social media and were quickly labeled as ‘fake’ news by the platform, comes alongside growing attention on President Donald Trump’s expanding ties to cryptocurrency and the TRUMP memecoin controversy.

Speculation about a Truth Social memecoin began after Ran Neuner, founder of the Crypto Banter platform, posted on X (Twitter) suggesting a token tied to the Truth Social platform was expected to launch within 72 hours and drew comparisons between this rumored coin and the existing TRUMP memecoin.

In a swift response, Truth Social issued a direct statement on its own platform: “Contrary to rumors, Truth Social is not launching a memecoin.” The company, majority-owned by President Trump, emphasized that no such crypto project is underwa…

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