Trump Jr. Slams ‘Truth Social Token’ Rumors as Crypto Scams Spread

Donald Trump Jr. is pushing back hard against viral crypto claims linking his family’s social media platform, Truth Social, to an alleged memecoin launch. In a post on X Monday night, Trump Jr. labeled the rumors as outright fraud.

“Any talk of a Truth Social memecoin is completely false,” he wrote. “It’s a scam — don’t fall for it.”

The response follows a wave of speculation triggered by crypto influencer Ran Neuner, who claimed that a Truth Social token—allegedly from the same creators behind the TRUMP memecoin—was in the works. The post quickly gained traction among crypto traders and meme coin enthusiasts.

But according to Trump Jr., it’s all baseless.

The rumor mill has been further fueled by the sudden appearance of multiple “Truth”-branded tokens on decentralized exchanges across Ethereum and Solana, as shown in data from DEXTools.

World Liberty Financial (WLFI), a DeFi project with known ties to the Trump family, also weighed in, warning followers on X: “There is no new Trump crypto project. WLFI is the only official DeFi initiative backed by the Trumps. The rest are scams targeting the uninformed.”

Truth Social, which launched in 2022, has never officially entered the crypto space, though documents released in April mention plans for a digital wallet and rewards coin tied to platform engagement. Still, no memecoin or token offering has been announced or endorsed by the company.