Recently, there have been rumors in the cryptocurrency market that Truth Social, a social media platform owned by US President Donald Trump, will launch a memecoin. However, Truth Social denied the recent rumors and announced on its official account that it will not be issuing a memecoin. “Fake news alert: Contrary to rumors, Truth Social is not launching a memecoin. Donald Trump's eldest son, Donald Trump Jr., also said on his X account, “There is no truth to Truth Social launching a memecoin. Don't be fooled by the misinformation people are circulating.” The rumors began to spread after Ran Neuner, host of CNBC’s Crypto Banter podcast, claimed that Truth Social would be issuing tokens and that they would be available within the next 72 hours. Warning from Trump Project! World Liberty Financial, the cryptocurrency project of Trump and his family, also warned users about the claims and fake projects. World Liberty Financial (WLFI) has stated that recent claims about a new Trump crypto project on X are false. WLFI emphasized that it is the only DeFi project officially endorsed by the Trump family, with the team stating that all other tokens claiming ties to Trump are scams. “Don't get caught up. There is no new Trump crypto project. WLFI is the only DeFi project that Trumps supports. Anyone distributing fake tokens is a scammer trying to take advantage of people who don't know any better.” 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 *This is not investment advice.