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.
Make us preferred on Google
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
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
XRP could outperform bitcoin as XRP/BTC chart shows rare Ichimoku breakout since 2018
Traders are watching if XRP can reclaim the $2.31-$2.32 range or remain in a descending channel.
What to know:
- XRP fell from $2.39 to $2.27, breaking below the $2.32 support level.
- A high-volume drop to $2.21 was absorbed by demand, stabilizing the price.
- Traders are watching if XRP can reclaim the $2.31-$2.32 range or remain in a descending channel.
Top Stories
