Donald Trump Jr. has adamantly dismissed the rumors of a memecoin associated with Truth Social, branding such claims as false and the work of scammers. World Liberty Financial, a decentralized finance project connected to the Trump family, echoed this by confirming that there are no plans for a new cryptocurrency project under the Trump name. Despite ongoing speculation about political tokens, Truth Social, founded in 2022 by Donald Trump Sr., has not ventured into the crypto space officially. Nevertheless, it is preparing to roll out a rewards coin along with a digital wallet as outlined in a recent shareholder letter.

In a recent post on social media, Donald Trump Jr. made it clear that any talk about Truth Social launching a memecoin is entirely baseless and cautioned against believing misinformation being circulated by individuals spreading falsehoods.

World Liberty Financial (WLFI), identified as a DeFi venture tied to the Trump family, stood firm alongside Trump Jr.'s statement by rejecting any association with a potential new crypto endeavor bearing the Trump name. The firm emphasized its legitimacy as the sole DeFi project endorsed by the Trumps and warned against fraudulent schemes trying to exploit unsuspecting individuals who may be unfamiliar with these deceptive practices.

While rumors continue to swirl around blockchain assets linked to politics, especially concerning Truth Social's involvement in cryptocurrencies, the reality remains that no such memecoin initiative is in progress according to both Donald Trump Jr. and World Liberty Financial.

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.

• 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.

“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.”

There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating. https://t.co/rbmcoT1tB3 pic.twitter.com/VDOEd8cqGr— Donald Trump Jr. (@DonaldJTrumpJr) May 12, 2025

There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating. https://t.co/rbmcoT1tB3 pic.twitter.com/VDOEd8cqGr

World Liberty Financial (WLFI) — 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.

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