Truth Social, owned by Trump Media, has refuted claims of launching a memecoin amidst circulating rumors. The official Truth Social account clarified that there are no plans for a memecoin launch. Influencer Ran Neuner sparked the rumors by suggesting a Truth Social token backed by the team behind the TRUMP token. Despite reaching out for clarification, no response was received. President Trump's pro-crypto stance led to the creation of the TRUMP token, while Melania Trump introduced the MELANIA token. Controversy arose when top TRUMP token holders were offered a gala dinner invitation, drawing criticism and demands for impeachment. Concerns were raised as most top token holders were speculated to be non-US entities. The TRUMP token's value fluctuated significantly, with notable holders possibly including Justin Sun and Elon Musk. Despite a decline from its peak, the token has shown recent gains in trading value. Read more AI-generated news on: https://app.chaingpt.org/news