Eric Trump has categorically denied claims that U.S. President Donald Trump is preparing to launch a new cryptocurrency. In response to social media reports suggesting Trump's release of a new coin, Eric Trump stated that no such plans exist and cautioned investors against potential fraudulent schemes.
A post, garnering nearly 2 million views on X and published by the account Whale Scan, claimed that Donald Trump was "about to officially launch his new cryptocurrency." Eric Trump, quoting this post, replied: "What a joke... That is absolutely not true. No one is launching any crypto. If anyone says otherwise, it's a scam."
The rapid spread of these allegations on social media was also fueled by the Trump family's previous projects in the crypto sector. Just days before the start of his second presidential term in January 2025, Donald Trump launched the memecoin Official Trump ($TRUMP) on the Solana network. With a total supply of 1 billion units, $TRUMP attracted intense speculative interest after its launch and quickly became one of the most prominent assets in the crypto market.
Following Trump, Melania Trump also announced her own memecoin called MELANIA. Thus, the Trump family has become one of the most significant examples of the trend of memecoins directly linked to political figures. While both tokens experienced significant price volatility in their early stages, they remained at the center of controversies, particularly regarding token distribution, potential advantages for insider investors, and the intertwining of political influence and crypto assets.
*This is not investment advice.
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