Eric Trump has publicly dismissed recent speculation about the launch of a new Trump family cryptocurrency, describing such claims as fraudulent. The rumors accelerated after posts spread on X claiming a token launch was imminent, which led to sharp price rallies in existing Trump-themed digital assets.
Eric Trump rejects cryptocurrency rumors
On August 22, Eric Trump directly responded to growing online speculation about a supposed Trump family crypto initiative. Addressing his followers on X, Trump stated that suggestions a new coin would be launched were entirely false and warned that any such claims should be considered fraudulent.
Eric Trump described the coin rumors as “a joke,” affirming, “No one is launching any kind of coin. If anyone is suggesting otherwise, it’s a fraud.”
These comments came after claims from the social media account @WhaleScan, which posted that Donald Trump would soon launch a new digital currency. This statement, however, did not include any evidence, contract details, or official identifiers.
Shortly after, another post alleged that a recently created Robinhood Chain wallet had obtained 290 ETH and interacted with smart contracts labeled as “Truth Coin.” The post failed to provide verifiable wallet addresses or confirm any link to the Trump family.
ETH
SOL
BSC
ROBINHOOD
USDT
AAPLEric Trump did not address the details of these posts specifically but rejected the overall assertion that a Trump coin launch was under consideration.
Speculation fueled by Trump’s crypto associations
Interest in these rumors was amplified by the Trump family’s previous involvement in digital asset projects. Eric Trump has previously voiced support for World Liberty Financial, a decentralized finance (DeFi) initiative founded in 2024. Several Trump family members have also engaged with American Bitcoin, further raising the group’s profile in the crypto sector.
Existing tokens like TRUMP and MELANIA, released as meme coins referencing Donald and Melania Trump, had already established a track record of Trump-branded assets trading in the cryptocurrency market. This context made new rumors about upcoming coin launches seem more plausible to some traders.
The viral nature of these posts, combined with the family’s real ties to crypto, created an environment in which unsubstantiated claims could quickly affect market sentiment.
Mini dictionary: World Liberty Financial is a DeFi project that launched in 2024, offering decentralized financial services and supported publicly by Eric Trump.
Trump-linked token prices spike on speculation
Established Trump-themed tokens experienced significant price swings as the rumors circulated. TRUMP traded as high as $3.60 before settling at $2.47, with a 24-hour gain of 37.9%. MELANIA peaked at $0.1614, later moving to $0.1112 and recording an 18.4% daily gain.
| Token | 24h Low | 24h High | Latest Price | 24h Change |
|---|---|---|---|---|
| TRUMP | $1.79 | $3.60 | $2.47 | +37.9% |
| MELANIA | $0.09085 | $0.1614 | $0.1112 | +18.4% |
Despite these rallies, both tokens traded below their daily highs when market activity was recorded. CoinGecko, a leading cryptocurrency data aggregator, tracked the volatile movements but did not identify any singular driving event beyond the widespread rumors.
Market activity around TRUMP and MELANIA demonstrated that token values can respond sharply to speculative social media claims, regardless of any official confirmation.
Neither Robinhood, nor any other platform or project named in the rumors, issued a statement regarding the allegations. Eric Trump’s categorical rejection remained the only official comment on the story.
Rumors regarding Trump family crypto initiatives periodically surface, but have so far been consistently denied by those directly involved.
