Eric Trump Denies Rumors of New Trump-Linked Crypto Coin Launch

Eric Trump Rejects Claims of New Trump Coin Launch

Eric Trump has denied reports that a new cryptocurrency linked to his family is being launched. On August 22, he called the claims "fraudulent" on social media platform X, stating that no such coin was in development. The denial came after the price of an existing token named TRUMP jumped 38% in 24 hours amid unverified rumors.

The rumors suggested that former U.S. President Donald Trump was about to launch a new coin, but no official announcement or details were provided. Eric Trump’s statement did not address the price surge or the existing TRUMP token.

Key Details of the Rumor and Denial

• Eric Trump posted on X that claims of a new Trump-linked coin were "absolutely not true" and labeled them as fraud.
• The rumor originated from an unverified post on X at 2:39 p.m. ET, stating, "DONALD TRUMP IS OFFICIALLY ABOUT TO LAUNCH HIS NEW COIN." No evidence or official source was cited.
• A second post at 3:03 p.m. ET claimed a Robinhood Chain wallet had received 290 ETH (a cryptocurrency) and was interacting with "Truth Coin" contracts, but no wallet address or ownership details were provided.
• The TRUMP token’s price rose 37.9% in 24 hours, reaching $2.47, while another token named MELANIA gained 18.4%. Both tokens remained below their 24-hour highs.

What Eric Trump Said

Eric Trump’s exact statement on X was: "What a joke… This is absolutely not true. No one is launching any kind of coin. If anyone is suggesting otherwise, it’s a fraud." He did not mention the TRUMP or MELANIA tokens specifically or explain the price movements.

What Is Confirmed

• Eric Trump publicly denied that a new Trump-linked cryptocurrency is being launched.
• The TRUMP token’s price increased by 37.9% in 24 hours, and the MELANIA token rose by 18.4%.
• No official announcement or details about a new coin launch were provided by any verified source.

What Remains Unclear

• Whether the unverified claims about a Robinhood Chain wallet and 290 ETH transaction are true or related to the rumors.
• The reason for the price surge in the TRUMP and MELANIA tokens, as no official explanation was given.
• Who created or controls the existing TRUMP and MELANIA tokens, as they are not officially endorsed by the Trump family.

Why This Matters for Crypto Users

The incident highlights how rumors can affect the price of cryptocurrencies, even when no official confirmation exists. Tokens named after public figures or brands may see sudden price changes based on speculation, but these movements are not always tied to real developments. Investors should verify claims before making decisions, as unverified information can lead to unexpected losses.

Sources

• The Defiant