Truth Social, a social media network belonging to Trump Media, denied that it introduces memecoin after circulation of gossip on social media.

“Contrary to the rumor, the Social truth does not run Memecoin,” an official social account Published on the platform. The social media platform is the property of Trump Media & Technology Group, and US President Donald Trump owns a majority participation in the company.

“There is no truth about the social truth of Memecoin. It was found on X.

The rumors began to circulate after the influencer of the wounds of Neuner, who is the host Cryptka chat podcast, Tweet that the Social token of Truth will be released in the next 72 hours and it seems that it is supported by a similar team related to the launch of the Trump token.

Cointelegraph contacted the neune to learn more about the source of the claim, but he did not receive a response until the publication.

Trump is not alien to Memecoins and cryptographic arts

The US President is known from the pro-digital position and fired his own Trump token, and the first lady Melania Trump fired token Melania.

However, Trump was among the controversy after the announcement that the best tokens of the Trump token will be invited to a special gala on May 22.

This movement aroused the criticism of many, including many US senators, who previously demanded that Trump be accused of launching the Trump token.

Related: Miner American Bitcoin, which is public.

Meanwhile, the Bloomberg report indicated The fact that the vast majority of the best owners of the Trump token may not come from the USA, causing fears of American legislators.

According to the latest data, 220 portfolios contained over 13.7 million Trump tokens worth around $ 174 million at the time of publication.

Although it is not clear who the best owners are, wallets with the names of “Sun” and “Elon” seem to be dismissed by the founder of Tron Justin Sun and Tesla, Elon Musk, both are Trump’s supporters.

Trump token fell by more than 80% after reaching the highest level of 73.43 USD on January 19. However, the token has increased by almost 14% in the last 7 days and is currently commercial According to Coingecko for USD 12.52.

Warehouse: Finally, blow up in space with Justin Sun, the new national blockchain of Vietnam: Asia Express