Trump-linked crypto rumour sparks frenzy as $DJT ticker fuels confusion

By: bitcoin ethereum news|2025/05/13 20:00:15

Ran Neuner claimed a Truth Social meme coin was launching in 72 hours. Past TMTG plans had discussed a digital rewards token, but none were launched. Meme coin speculation around Trump-branded assets remains high. A rumour about a Truth Social meme coin sent social media and crypto traders into a tailspin this week before being swiftly denied by all official Trump-linked entities. The speculation started with a viral tweet from Crypto Banter host Ran Neuner. Although these claims were quashed by Donald Trump Jr., World Liberty Financial (WLFI), and Truth Social itself, the use of “$DJT” in the platform’s X profile has kept speculation alive in some corners of the market. Trump-linked groups deny claims The controversy erupted on Monday when Neuner posted on X that a “Truth Social Memecoin” would be launching within 72 hours, suggesting it was being backed by the same team that previously launched the TRUMP token. That post rapidly circulated among meme coin investors, who interpreted the news as a signal of a new Trump-themed token entering the market. Enthusiasts drew parallels to the earlier TRUMP token, which gained traction during the US election season. Some saw this as a potential signal for another rally tied to the political branding of Donald Trump. Within hours of the rumour gaining traction, several official Trump-linked platforms and individuals issued denials. Truth Social, operated by Trump Media & Technology Group (TMTG), made clear that no meme coin was in development or launch. World Liberty Financial, a DeFi project associated with the Trump family, also clarified that it remains the only crypto project backed by them. WLFI issued a warning to users, noting that “anyone pushing fake tokens” is likely running a scam targeting uninformed investors. Donald Trump Jr. further emphasised that there was “no truth whatsoever” to the rumour and asked people to avoid falling for misleading claims. Neuner later acknowledged the backlash, posting a follow-up to indicate that denials had been issued and no confirmation existed about a Truth Social-linked crypto token. TMTG’s past token idea resurfaces Although the current wave of speculation has been publicly denied, it follows earlier reports that Trump Media was exploring ways to monetise its digital platforms. Devin Nunes, CEO and Chairman of TMTG, had previously mentioned a digital rewards programme that could involve a token launched within a Truth+ digital wallet. Those ideas were floated in internal planning stages but never moved to public rollout or announcement. Despite that, lingering memories of the proposal have resurfaced amid the current speculation, adding fuel to online forums discussing DJT-related meme coins. The ticker “$DJT” itself — primarily used for TMTG’s stock — further complicated the matter. Since X profiles can include dollar-sign tickers, users spotted that Truth Social’s X account includes “$DJT” in its handle. This was interpreted by some as a crypto ticker, though it has no blockchain listing. Source: https://coinjournal.net/news/trump-linked-crypto-rumour-sparks-frenzy-as-djt-ticker-fuels-confusion/

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