Trump-owned Truth Social denies it is launching a memecoin

The rumor started circulating after crypto influencer Ran Neuner tweeted that Truth Social would launch a memecoin in the next 72 hours.

Truth Social, the social media network owned by Trump Media, has denied it is launching a memecoin following circulating rumors on social media.

“Contrary to rumors, Truth Social is not launching a memecoin,” the official Truth Social account posted on its platform. The social media platform is owned by the Trump Media & Technology Group, with US President Donald Trump owning a majority stake in the company.

“There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating,” Donald Trump Jr., the eldest son of President Donald Trump, stated on X.

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