Share this article
Donald Trump Jr. Squashes Rumors of ‘Truth Social’ Memecoin
Any claims or attempts of a Truth Social token are by "scammers," the younger Trump said in an X post.
May 13, 2025, 7:18 a.m.
What to know:
- Donald Trump Jr. has denied rumors that Truth Social is launching a memecoin, calling them false information.
- World Liberty Financial, a DeFi project linked to the Trump family, confirmed that there is no new Trump crypto project.
- Truth Social plans to introduce a rewards coin with a digital wallet, according to a recent shareholder letter.
Donald Trump Jr. has denied viral rumors by crypto influencers that Truth Social — the conservative social media platform tied to former President Donald Trump — is launching a memecoin.
Infamous influencer Ran Neuner pushed claims and a viral post on an upcoming Truth Social token, saying it was from the same team as the TRUMP memecoin.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“There’s no truth whatsoever about Truth Social launching a memecoin,” Trump Jr. wrote on X late Monday. “Don’t be fooled by false information people are circulating.”
Loading...
The clarification amid a wave of unaffiliated “Truth”-themed tokens appearing across Ethereum and Solana-based trading platforms, data from DEXTools shows.
— a DeFi project tied to the Trump family — reaffirmed Trump Jr.’s statement.
“Don’t be fooled. There is no new Trump crypto project,” WLFI posted on X. “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 who don’t know better.”
The Trump-backed Truth Social, launched in 2022, has never officially engaged with crypto despite growing speculation around political tokens.
The platform does intend to launch a rewards coin with an attached digital wallet, however, per a shareholder letter from late April.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
