{"id":627629,"date":"2026-08-24T03:00:41","date_gmt":"2026-08-24T07:00:41","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=627629"},"modified":"2026-08-24T01:41:52","modified_gmt":"2026-08-24T05:41:52","slug":"eric-trump-denies-rumors-around-new-crypto-token-launch-what-a-joke","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/eric-trump-denies-rumors-around-new-crypto-token-launch-what-a-joke\/","title":{"rendered":"Eric Trump denies rumors around new crypto token launch: ‘What a joke!’"},"content":{"rendered":"

Amidst rising rumors around President Donald Trump launching another cryptocurrency, Eric Trump took to X and defied all the rumours.<\/p>\n

He said,<\/p>\n

What a joke\u2026 This is absolutely not true. No one is launching any kind of coin. If anyone is suggesting otherwise, it\u2019s a fraud.<\/p><\/blockquote>\n

This was in response to an X account under the username Whale Scan that posted,<\/p>\n

\"Trump<\/a>
Source: X<\/figcaption><\/figure>\n

Trump-linked tokens are under a bearish spiral<\/h2>\n

While there are no new coins being launched<\/a> so far, the already launched coins linked to President Trump remain significantly below their respective all-time highs.<\/p>\n

Official Trump [TRUMP] had reached an all-time high of $73.43 within two days of launch before entering a prolonged decline. In fact, at press time, the token was trading at $2.58.<\/p>\n

Meanwhile, Melania Meme [MELANIA] launched two days after TRUMP suffered an even steeper decline and was trading at around $0.1074 at press time, nearly 99% below its peak.<\/p>\n

Lastly, the World Liberty Financial [WLFI]<\/a> governance token briefly reached around $0.33 but traded near $0.06 at press time, representing a decline of approximately 78% from its peak.<\/p>\n

This coincided with Trump Media and Technology Group (TMTG), which bought 11,542 BTC for $1.368 billion at an average price of $118,529, has continued selling its holdings as Bitcoin declined.<\/p>\n

The company recently sold another 2,628 BTC for $165.07 million, reportedly locking in around $145 million in losses<\/a>.<\/p>\n

Trump’s crypto ventures under scrutiny<\/h2>\n

All this happens while Trump\u2019s latest financial disclosure reveals how cryptocurrency became a major source of income for his business empire, with family-backed crypto ventures generating more than $1.4 billion in reported 2025 income<\/a>.<\/p>\n

Seeing all of this happen, Justin Sun, founder of TRON, has renewed his criticism<\/a> of Trump-linked World Liberty Financial, warning investors about risks surrounding WLFI and its USD1 stablecoin.<\/p>\n

\n

Final Summary<\/h2>\n
    \n
  • While Trump and his family are not launching any new token, the existing tokens are in a slump. <\/em><\/li>\n
  • Trump’s crypto business earnings raise questions over insider trading.\u00a0<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Is Trump actually launching a new cryptocurrency, or is the latest rumor a scam?<\/p>\n","protected":false},"author":66,"featured_media":627643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,4,20],"tags":[],"class_list":["post-627629","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nEric Trump denies rumors around new crypto token launch: 'What a joke!' - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Trump Media and Technology Group has continued selling its holdings as Bitcoin declined after buying 11,542 BTC for $1.368 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/eric-trump-denies-rumors-around-new-crypto-token-launch-what-a-joke\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eric Trump denies rumors around new crypto token launch: 'What a joke!' - 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