Rumors have been spreading quick within the crypto house, claiming that Reality Social, the social media platform backed by Donald Trump, is getting ready to launch a meme coin. After cautious verification and assessment of authentic sources, we are able to verify — these rumors are utterly false.
The place Did the Meme Coin Rumor Begin?
The hypothesis started when Ran Neuner, founding father of Crypto Banter, posted on X {that a} Reality Social meme coin may very well be launching inside 72 hours. He in contrast it to the already present “TRUMP” meme coin on the Solana community, triggering widespread dialogue a couple of potential Trump-led crypto push.
This declare quickly gained consideration throughout social media platforms, amplified by customers and communities keen for brand new meme coin alternatives.
Influencers React, However Denials Comply with
Crypto influencer Wendy O responded to the hypothesis by calling the concept “foolish,” suggesting that if Reality Social needed to assist a coin, it may merely persist with the present TRUMP token.
Shortly after the rumor picked up steam, it was debunked by each Donald Trump and the World Liberty Monetary (WLFI) undertaking, which is formally backed by the Trump household.
WLFI and Trump Set the File Straight
WLFI issued a agency denial on X, stating:
“There is no such thing as a new Trump crypto undertaking. WLFI is the one DeFi undertaking backed by the Trumps. Anybody else pushing pretend tokens is only a scammer attempting to make the most of folks.”
— Supply: World Liberty Monetary on X
Donald Trump additionally issued a press release confirming that there is no such thing as a fact in anyway to the meme coin claims. He warned customers to be cautious about pretend data circulating on-line.
What’s Actual and What’s Not?
Right here’s what is definitely verified:
- Reality Social is owned by Trump Media & Know-how Group (TMTG) and is listed on Nasdaq.
- Earlier this 12 months, Trump launched two meme cash: TRUMP and MELANIA, each of which have declined in worth.
- WLFI is the one formally Trump-backed crypto undertaking.
- There may be no new Reality Social meme coin being launched.
This viral meme coin rumor is baseless and has been publicly denied by all credible events concerned. It serves as a reminder of how rapidly misinformation can unfold in crypto, usually creating alternatives for scammers to make the most of public hype.
