Eric Trump took to X on August 22 to squash rumors that the Trump household was about to launch a brand new cryptocurrency, calling the claims “completely not true” and labeling them outright fraud.
The assertion was a direct response to a submit from the account @WhaleScan, which had asserted that Donald Trump was getting ready to launch a brand new coin. Eric Trump’s rebuttal was blunt: nobody within the household is launching any coin, and anybody suggesting in any other case is working a rip-off.
What sparked the denial
The rumor seems to have gained traction on X, the place @WhaleScan posted claims about an upcoming Trump-affiliated token. The submit apparently referenced earlier Trump-related meme cash like $TRUMP and $MELANIA as context, implying the household was gearing up for one more digital asset launch.
No particular firm, token title, or regulatory submitting was hooked up to the declare.
The Trump household’s precise crypto footprint
Eric Trump has been publicly affiliated with World Liberty Monetary, a decentralized finance initiative that launched in 2024. The household has additionally been linked to American Bitcoin, a separate enterprise. Neither of those initiatives was implicated within the current rumor.
Then there are the meme cash. $TRUMP and $MELANIA each entered the market as tokens buying and selling on the again of the Trump model. These prior launches created a baseline expectation amongst some market individuals that extra tokens may comply with at any time, making the ecosystem fertile floor for precisely the sort of hypothesis @WhaleScan was pushing.
Eric Trump’s denial serves a twin goal. It protects the household model from unauthorized affiliation, and it alerts to potential buyers that this explicit declare has no backing from anybody with precise authority to launch a Trump-affiliated token.
Why crypto rumors are so efficient, and so harmful
This sample has performed out repeatedly. Social media rumors round Trump household digital asset ventures have been disproven earlier than, but every new cycle of hypothesis manages to discover a recent viewers keen to behave on unverified info.
For buyers, the lesson is easy: if a significant crypto launch isn’t introduced by way of official channels with verifiable particulars, it’s in all probability not actual.
