- Eric Trump denied claims that the Trump family was launching a new cryptocurrency called Truth Coin, calling the reports fraudulent.
- The rumor followed activity around a WWW token on Robinhood Chain, which traders linked to the alleged Truth Coin launch.
- Trump-linked tokens rose as the rumor spread, with TRUMP gaining 40% and MELANIA increasing 11%, according to the supplied data.
Eric Trump denied claims on X on August 22 that the Trump family planned a new cryptocurrency called Truth Coin. The claim spread after traders noticed a new WWW token and wallet activity on Robinhood Chain. Eric said no one was launching a coin and called claims otherwise a fraud.
Rumor Spreads Around A New WWW Token
The rumor gained ground after WhaleScan posted on X that Donald Trump was preparing another coin. The account claimed it would be first to report the launch, as with Trump’s previous coin.
Attention then shifted to a WWW token on Robinhood Chain. StarPlatinum_ linked the token to “Truth Coin” in a post shared on X. The reported token had a planned supply of 1 billion coins, with 500 million available at launch.
About 300 million tokens were planned for liquidity, while 200 million were reserved for project growth. The developer wallet later reportedly received 300 ETH. Meanwhile, its trading fee changed from 10% to 0.3%, according to the provided information.
Eric Trump Rejects The Token Claims
Eric Trump responded on X, calling the claim “absolutely not true.” He said no one was launching any kind of coin and warned that contrary claims were fraudulent. His response followed reports that Trump-linked tokens gained as the rumor circulated.
TRUMP rose 40%, while MELANIA gained 11% in one day, according to the provided market data. The WWW token also reportedly reached about $10.24 million in market value. However, the developer wallet was said to hold 99.9% of the supply.
The rumor surfaced alongside the Trump family’s cryptocurrency involvement. Eric Trump has been affiliated with World Liberty Financial, a decentralized finance project launched in 2024.
The family has also been linked to American Bitcoin. Meanwhile, TRUMP and MELANIA remain Trump-related meme coins. Neither World Liberty Financial nor American Bitcoin was implicated in the new token claim.
Trump Media & Technology Group, which owns Truth Social, has explored crypto and prediction market plans. However, the company now appears more focused on Bitcoin than issuing a new token.
