Recently, there have been rumors in the cryptocurrency community regarding Truth Social's potential memecoin launch, but the company has denied these claims.
Denial of Rumors
The Truth Social platform published a message on its official account stating, "Rumors about launching a memecoin are untrue."
Reaction from Donald Trump Jr.
Donald Trump Jr. also commented on the situation on his X account, claiming that "people should not believe the misinformation being circulated."
Warning from World Liberty Financial
The World Liberty Financial project, associated with the Trump family, warned users about false claims. WLFI announced that it is the only DeFi project officially backed by Trump, stating that all other tokens claiming ties to Trump are scams.
Thus, Truth Social and the WLFI project provided clear statements denying the circulated rumors about the memecoin launch, highlighting the importance of caution when investing.
