ChainTech Africa

May 13, 2025 – Washington, D.C. — Donald Trump Jr. has firmly denied rumors suggesting that Truth Social, the social media platform backed by U.S. President Donald Trump, is planning to launch a memecoin. The clarification comes amid growing speculation on social media and the Trump family’s deepening ties to the cryptocurrency space.

On Monday, Trump Jr. addressed the circulating claims, stating:

“There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating.”

His remarks follow a viral post by crypto influencer Ran Neuner, who claimed on X (formerly Twitter) that a Truth Social memecoin would launch within 72 hours, implying it was linked to the Trump team.

TRUMP FAMILY-BACKED WLFI ALSO DENIES MEMECOIN CLAIMS

World Liberty Financial (WLFI), a decentralized finance (DeFi) project publicly supported by the Trump family, echoed the denial. In a statement, the project dismissed the memecoin chatter as a scam attempt:

“Don’t be fooled. 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 who don’t know better.”

The firm emphasized that it remains the sole Trump-endorsed crypto initiative, and warned investors against falling for impersonators or unofficial crypto ventures using the Trump brand.

TRUMP MEDIA EMBRACES CRYPTO THROUGH OFFICIAL CHANNELS

While the rumors surrounding a Truth Social memecoin were put to rest, they underscore the Trump family’s growing influence in the crypto space. In recent months, Trump Media and Technology Group (TMTG)—the parent company of Truth Social—has revealed concrete plans for broader cryptocurrency adoption.

According to TMTG CEO Devin Nunes, the company is working on a native utility token and integrated digital wallet for its upcoming streaming platform, Truth+. The token is expected to be used for platform subscriptions and services within the Truth ecosystem.

Although not classified as a memecoin, the Truth+ token could potentially see memecoin-like behavior due to momentum driven by Trump’s loyal online base.

[Editor’s Note: While the planned Truth+ token is technically a utility token, its speculative nature and potential price swings, given Trump’s fan-driven influence, may mirror memecoin dynamics.]

ETF COLLABORATIONS AND EXCHANGE PARTNERSHIPS

Beyond utility tokens, TMTG has recently announced partnerships with Crypto.com and Yorkville America to launch a series of exchange-traded funds (ETFs) that blend traditional and digital assets. The ETFs will include cryptocurrencies like Bitcoin and Cronos (CRO), marking TMTG’s deeper entry into the world of digital finance.

These strategic moves reflect how the Trump brand is carving out a more formal role in the crypto industry—shifting from novelty NFTs to mainstream finance products.

TRUMP’S CRYPTO EVOLUTION CONTINUES

Once a vocal critic of Bitcoin, Donald Trump has transformed into one of the most prominent crypto supporters in American politics. He made history by accepting Bitcoin donations during his latest presidential campaign, launched several NFT collections, and actively backed WLFI.

Since returning to the White House, President Trump has taken further steps to embed crypto into federal policy. Notably, he appointed known crypto advocates Paul Atkins as Chair of the Securities and Exchange Commission (SEC) and Howard Lutnick as Secretary of Commerce.

NO MEMECOIN — BUT PLENTY OF CRYPTO ACTIVITY AHEAD

Although the Trump family has shot down memecoin speculation, their continued crypto activity—ranging from DeFi projects to token integrations and ETF launches—signals a clear commitment to shaping the future of digital assets in both private and public sectors.

In short: there’s no Trump memecoin coming—but the former president’s growing crypto empire is far from slowing down.