Truth Social, the social media network owned by Trump Media, has denied it is launching a memecoin following circulating rumors on social media.
“Contrary to rumors, Truth Social is not launching a memecoin,” the official Truth Social account posted on its platform. The social media platform is owned by the Trump Media & Technology Group, with US President Donald Trump owning a majority stake in the company.
“There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating,” Donald Trump Jr., the eldest son of President Donald Trump, stated on X.
Truth Social denies rumors that it is launching a memecoin. Source: Truth Social
The rumors started circulating after influencer Ran Neuner, who hosts the Crypto Banter podcast, tweeted that a Truth Social token will be