- 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 belongings stays excessive.
A hearsay a couple of 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, using “$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} “Fact Social Memecoin” can be launching inside 72 hours, suggesting it was being backed by the identical workforce that beforehand launched the TRUMP token.
That publish quickly circulated amongst meme coin buyers, who interpreted the information as a sign of a brand new Trump-themed token getting into the market.
Fans drew parallels to the sooner TRUMP token, which gained traction through the US election season.
Some noticed this as a possible sign for one more 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 & Expertise Group (TMTG), made clear that no meme coin was in growth or launch.
World Liberty Monetary, a DeFi venture related to the Trump household, additionally clarified that it stays the one crypto venture backed by them.
WLFI issued a warning to customers, noting that “anybody pushing faux tokens” is probably going operating a rip-off focusing on uninformed buyers.
Donald Trump Jr. additional emphasised that there was “no reality by any means” 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 couple of Fact Social-linked crypto token.
TMTG’s previous token concept resurfaces
Though the present wave of hypothesis has been publicly denied, it follows earlier reviews 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 inner planning phases however by no means moved to public rollout or announcement.
Regardless of that, lingering reminiscences of the proposal have resurfaced amid the present hypothesis, including gasoline to on-line boards discussing DJT-related meme cash.
The ticker “$DJT” itself — primarily used for TMTG’s inventory — additional sophisticated 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.
