There won’t be a Truth Social memecoin. The social media platform backed by the Trump family, just threw a curveball, or maybe just a lot of smoke and mirrors.
Rumors were flying that Truth Social was about to launch its very own memecoin. But the president said it’s fake news.
“No memecoin coming from Truth Social. Don’t buy into the nonsense.”
Yes or no?
The confusion is not surprising. Just last month, Trump Media hinted at something called a utility token tied to their upcoming Truth+ streaming service.
CEO Devin Nunes talked about a digital wallet where this token could pay for subscriptions, and maybe even more down the line.
So, no memecoin? Maybe not exactly. It’s like saying, I’m not throwing a party, but you’re already sending out invites.
On the other hand, another Trump crypto venture, World Liberty Financial, is shouting from the rooftops that it’s the only legit Trump-backed DeFi project.
They’re warning people about fake tokens out there, calling them scammers. Yet, WLFI’s own token isn’t even trading publicly.
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. https://t.co/SxUs9zh9Wc— WLFI (@worldlibertyfi) May 13, 2025
It’s like the family’s crypto empire is a house of cards, with plenty of smoke but not much fire.
Selection
Now, let’s talk about the memecoins that do exist in the Trump crypto zoo. The $TRUMP token and $MELANIA coin have been taking a bigger dip, prices dropping 10% and 9% respectively, right after the memecoin rumors got squashed.
Ouch. It’s like the market’s saying, we’re tired of the drama, guys.
And if you think that’s the end of the story, think again. Trump announced a private dinner for the top holders of the $TRUMP token, an exclusive gala on May 22. Sounds fancy, right?
Well, lawmakers and watchdogs aren’t buying it. They’re calling it the most nakedly corrupt self-enrichment scheme in U.S. presidential history.
Yeah, that’s a mouthful, especially coming from career politicians, but it hits the point, this ain’t just fun and games. It’s indeed raising some red flags.
Circus
So, Truth Social says no memecoin now, but the crypto smoke signals keep firing.
The Trumps are juggling multiple crypto projects, some real, some questionable, and the whole scene feels like a circus act with a few clowns missing their cues.
If you’re holding those tokens, maybe keep one eye open and your wallet tighter.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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