Trump-owned social media platform, Reality Social, has dismissed widespread rumors relating to a brand new memecoin launch, flagging it a faux information.
“Opposite to rumors, Reality Social isn’t launching a memecoin,” Reality Social posted on Tuesday.
The Trump-linked memecoin buzz began first when TV host Ran Neuner shared on X that Reality Social is launching a memecoin within the subsequent 72 hours. Neuner serves because the host of Crypto Dealer on CNBC and hosts the Crypto Banter podcast.
“Looks like related gang to $TRUMP staff,” his publish learn. “Preserve your eyes and eyes peeled.”
Reality Social Memecoin launching in subsequent 72 hours. Looks like related gang to $TRUMP staff.
Preserve your eyes and eyes peeled.— Ran Neuner (@cryptomanran) Could 12, 2025
His declare shortly gained consideration throughout the crypto group, with customers speculating on the brand new memecoin. One crypto influencer Wendy O known as the brand new memecoin launch “foolish.” As an alternative, the staff “ought to simply use TRUMP,” she added.
Reality Social launching a memecoin is foolish.
They need to simply use TRUMP.
However in true crypto style, by all means maintain launching tokens. pic.twitter.com/JU3b9aTQRx— Wendy O (@CryptoWendyO) Could 12, 2025
WLFI, Trump Jr. Debunk New Memecoin Rumor
Shortly after the rumor gained traction within the crypto group, Donald Trump Jr., the eldest son of President Donald Trump, posted on X, warning group to not be fooled by such faux posts.
“There’s no fact in any way about Reality Social launching a memecoin. Don’t be fooled by false info persons are circulating,” he wrote.
There’s no fact in any way about Reality Social launching a memecoin. Don’t be fooled by false info persons are circulating. https://t.co/rbmcoT1tB3 pic.twitter.com/VDOEd8cqGr
— Donald Trump Jr. (@DonaldJTrumpJr) Could 12, 2025
Moreover, WLFI, the Trump family-backed crypto venture, clarified that it’s the solely professional DeFi venture affiliated to President Trump.
WLFI emphasised that each one different tokens claiming to have ties to Trump are scams, “making an attempt to make the most of individuals who don’t know higher.”
“Don’t be fooled. There is no such thing as a new Trump crypto venture. WLFI is the one DeFi venture backed by the Trumps.”
Don’t be fooled. There is no such thing as a new Trump crypto venture.
WLFI is the one DeFi venture backed by the Trumps.
Anybody else pushing faux tokens is only a scammer making an attempt to make the most of individuals who don’t know higher. https://t.co/SxUs9zh9Wc— WLFI (@worldlibertyfi) Could 13, 2025
Official Trump Coin Sees Optimism, Up 17% Since Final Week
The professional-crypto president launched his personal TRUMP token on the Solana blockchain in Jan, whereas first woman Melania Trump launched a MELANIA memecoin.
Each the memecoins have tanked since then, with TRUMP and MELANIA buying and selling at 12.77 and 0.374 at press time.
The Official Trump token has proven power with 17% surge over the previous week, and 49.7% features on the month-to-month chart, in response to coinmarketcap information.
Nonetheless, the each day buying and selling of TRUMP memecoin is down by almost 10%, the information revealed. Upon launch of the token early this 12 months, TRUMP surged to a staggering $80, earlier than dropping 85% of its worth in March.
The publish Trump’s Reality Social Denies Rumors Over New Memecoin Launch appeared first on Cryptonews.