Trump-owned Truth Social denies it is launching a memecoin ❌
Truth Social, a platform owned by Trump Media, has dismissed circulating rumors about the launch of a memecoin. The official Truth Social account clarified that the platform has no plans to launch such a token.
Donald Trump Jr. also refuted claims on social media, urging followers not to be misled by false information. The rumors emerged after Crypto Banter host Ran Neuner tweeted about a potential token launch.
Despite the denial, former President Trump is no stranger to crypto ventures, having launched the TRUMP token, which has sparked criticism and concern from lawmakers due to its top holders being mostly foreign.
The TRUMP token has witnessed significant price fluctuations, currently trading at $12.52, but it remains a controversial financial venture for Trump Media.
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