- The Trump family denied rumors about launching a truth of social memecoin.
- However, various memecoins with the name were launched on Solana and BNB chain.
Donald Trump Jr. has refused claims that the social media of the Trump family, the truth of the truth, would launch a memecoin.
“There is no truth to the truth social Lanced a Memecoin. Don’t be fooled by false information that people are circulating.”
Source: X
The ‘false’ Truth Social Memecoin launch was first shared by another market keeper, Ran Neuner.
Nebula claimed that the memecoin would debut by May 15 and would be supported by the same team behind the official Trump [TRUMP] Memecoin.
Trump Family Crypto Ventures
The Trump Family-backed Defi Project, World Liberty Financial (WLFI), pronounced A similar warning as the community.
“Don’t be fooled. There is no new Trump Crypto project. WLFI is the only Defi project that is supported by the Trumps.
Some members of the community appreciated the heads-up, remark That they would have been scammed without the clarification.
Despite the clarification, some speculators still jumped on different tokens with similar ‘Truth Social Memecoin’ names on Solana [SOL] and BNB chain. According to Dex Data Tracker Gecko Terminal, more than 10 Polishes of comparable Memecoin were mentioned.
Some tokens, made in the last 24 hours, stood triple or quadruple figures, but some also fell more than 90%. In short, some speculators achieve big profit, while others were robust.
Source: Gekko -Termal
That said, the Trump family has expanded companies in the crypto industry, including interest in Bitcoin [BTC] Mining, via the American Bitcoin.
However, the official Trump Memecoin and the Stablecoin of WLFI (USD1) have been the most controversial companies in the sector.
In fact, the Democrats, led by senator Elizabeth Warren, referred to These two companies for their hard attitude against the Senate Stablecoin Bill.
There is no doubt that the Trump government has been a major regulatory exemption for the crypto industry, especially after enforcement actions from the BIDen era of the SEC (Securities and Exchange Commission).
However, the Crypto projects of the Trump family have also led to conflicts of interest that can block other important accounts, such as the Market structure account.