- Ran Neuner claimed a Fact Social meme coin was launching in 72 hours.
- Previous TMTG plans had mentioned a digital rewards token, however none have been launched.
- Meme coin hypothesis round Trump-branded property stays excessive.
A hearsay a few Fact Social meme coin despatched social media and crypto merchants right into a tailspin this week earlier than being swiftly denied by all official Trump-linked entities.
The hypothesis began with a viral tweet from Crypto Banter host Ran Neuner.
Though these claims have been quashed by Donald Trump Jr., World Liberty Monetary (WLFI), and Fact Social itself, the usage of “$DJT” within the platform’s X profile has saved hypothesis alive in some corners of the market.
Trump-linked teams deny claims
The controversy erupted on Monday when Neuner posted on X {that a} “Truth Social Memecoin” could be launching inside 72 hours, suggesting it was being backed by the identical crew that beforehand launched the TRUMP token.
That submit quickly circulated amongst meme coin traders, who interpreted the information as a sign of a brand new Trump-themed token coming into the market.
Lovers drew parallels to the sooner TRUMP token, which gained traction throughout the US election season.
Some noticed this as a possible sign for an additional rally tied to the political branding of Donald Trump.
Inside hours of the hearsay gaining traction, a number of official Trump-linked platforms and people issued denials.
Fact Social, operated by Trump Media & Know-how Group (TMTG), made clear that no meme coin was in improvement or launch.
World Liberty Monetary, a DeFi undertaking related to the Trump household, additionally clarified that it stays the one crypto undertaking backed by them.
WLFI issued a warning to customers, noting that “anyone pushing fake tokens” is probably going working a rip-off concentrating on uninformed traders.
Donald Trump Jr. additional emphasised that there was “no truth whatsoever” to the hearsay and requested folks to keep away from falling for deceptive claims.
Neuner later acknowledged the backlash, posting a follow-up to point that denials had been issued and no affirmation existed a few Fact Social-linked crypto token.
TMTG’s previous token concept resurfaces
Though the present wave of hypothesis has been publicly denied, it follows earlier stories that Trump Media was exploring methods to monetise its digital platforms.
Devin Nunes, CEO and Chairman of TMTG, had beforehand talked about a digital rewards programme that might contain a token launched inside a Fact+ digital pockets.
These concepts have been floated in inside planning phases however by no means moved to public rollout or announcement.
Regardless of that, lingering recollections of the proposal have resurfaced amid the present hypothesis, including gas to on-line boards discussing DJT-related meme cash.
The ticker “$DJT” itself — primarily used for TMTG’s inventory — additional difficult the matter.
Since X profiles can embrace dollar-sign tickers, customers noticed that Fact Social’s X account contains “$DJT” in its deal with.
This was interpreted by some as a crypto ticker, although it has no blockchain itemizing.
