World Liberty Financial has confirmed there is no Truth Social memecoin project or NFT marketplace under development.
Donald Trump Jr. clarified Truth Social is not connected to any new crypto initiatives despite online rumors.
The OFFICIAL TRUMP token has seen fluctuating prices but recorded a 46 percent monthly gain with rising trading activity.
World Liberty Financial has firmly denied reports of a new memecoin tied to Donald Trump's social media platform, Truth Social. The DeFi group issued a public statement rejecting speculation about a crypto project launching under the name ‘Trump Points’. The rumor had circulated online, suggesting a link between the Trump brand and a new NFT marketplace.
The group confirmed that no such project exists and warned users about misleading claims. “Don’t be fooled. There is no new Trump crypto project,” the organization stated on its official X account. World Liberty Financial reiterated that it remains the only recognized crypto venture connected to the Trump family. The group also reminded followers to verify information before engaging in any transactions involving Trump-themed digital assets.
Donald Trump Jr. Responds to Market Rumors
Donald Trump Jr., who oversees operations at World Liberty Financial, also addressed the growing rumors. He emphasized that Truth Social has not launched a memecoin or any crypto-related marketplace. “There’s no truth whatsoever about Truth Social launching a memecoin,” Trump Jr. confirmed, urging followers to dismiss unverified claims spreading online.
In its message, the organization warned that individuals promoting fake Trump coins were exploiting investors’ interest in political figures tied to cryptocurrency. The group advised caution and recommended conducting thorough checks before investing in any project that appears to have political associations. Scammers, it added, are actively taking advantage of the crypto market’s recent growth.
Market Activity Reflects Mixed Sentiment
Despite the warning, the OFFICIAL TRUMP memecoin, previously introduced in January, has seen renewed market activity. The token gained attention earlier in the year after surging to $80 before sharply falling. It is currently trading at $12.65, down 10 percent on the day, with a market cap of $2.53 billion. The daily trading volume has doubled, showing a 100 percent increase and reaching $2.38 billion.
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