Eric Trump Denies New Trump Coin Launch Rumor as TRUMP Jumps 38%
Key Takeaways
- •Eric Trump stated on X that no one is launching any coin and characterized any suggestion otherwise as fraud.
- •The rumor originated from two anonymous posts—a Whale Scan message about an imminent Trump coin and another claiming a Robinhood Chain wallet received 290 ETH to interact with "Truth Coin" contracts—neither of which cited an official announcement, ticker, or contract address.
- •CoinGecko data showed $TRUMP up 37.9% to $2.47 and $MELANIA up 18.4% to $0.1112 over 24 hours, with both tokens below their daily highs and no identified cause for the moves.
- •$TRUMP debuted on Solana in January 2025 shortly before President Trump's inauguration and briefly traded above $70, leaving its current price a small fraction of that peak.
- •The Trump family's confirmed crypto ventures, including World Liberty Financial's WLFI token and USD1 stablecoin and Eric Trump's American Bitcoin mining firm that listed on Nasdaq in September 2025, were announced through official channels unlike the unsourced rumor.
Eric Trump publicly rejected claims that a new Trump-linked cryptocurrency was about to launch on Saturday, calling any contrary suggestion fraudulent, while $TRUMP and $MELANIA posted double-digit gains over a 24-hour period.
"What a joke… This is absolutely not true," Trump wrote on his blue-checkmarked X account. "No one is launching any kind of coin. If anyone is suggesting otherwise, it's a fraud."
His post quoted a Whale Scan message published at 2:39 p.m. ET that declared: "DONALD $TRUMP IS OFFICIALLY ABOUT TO LAUNCH HIS NEW COIN." That message cited no announcement and identified neither a ticker nor a contract address for the alleged new coin.
Rumor Offered No Launch Details
A separate X post published at 3:03 p.m. ET claimed that a fresh Robinhood Chain wallet had received 290 ETH and was interacting with "WWW / 'Truth Coin' contracts." The post named no wallet address and did not establish who controlled the wallet.
Together, the two posts supplied the substance of the circulating claim: an imminent Trump coin launch and unexplained contract activity on Robinhood Chain. Neither post contained an announcement from Trump, Robinhood, or a named token issuer. Eric Trump's response rejected the central launch claim rather than addressing any particular ticker or contract.
Market data from CoinGecko's $TRUMP page listed the token at $2.47, up 37.9% over 24 hours, within a range of $1.79 to $3.60. $MELANIA's page listed $0.1112, an 18.4% gain, with a 24-hour range of $0.09085 to $0.1614. Both tokens were below their listed 24-hour highs.
Both tokens date to January 2025, when $TRUMP debuted on Solana days before President Donald Trump's inauguration and $MELANIA followed within days. $TRUMP briefly traded above $70 in its launch window; at $2.47 it sits at a small fraction of that peak, and it has a documented history of sharp moves around Trump-family crypto events, including a rally ahead of a May 2025 private dinner for the token's largest holders.
The rumor also landed as the family's crypto footprint keeps expanding. Eric Trump and Donald Trump Jr. are among the public faces of World Liberty Financial, the family-affiliated DeFi venture behind the WLFI token and the USD1 stablecoin, and Eric Trump co-founded American Bitcoin, a mining firm that began trading on Nasdaq in September 2025. Those projects were each announced through official channels, unlike the anonymous, unsourced posts behind Saturday's claim.
The market data showed the size of the moves that occurred while the launch claim circulated, but did not identify their cause. The only direct statement from Eric Trump on the matter was categorical: "No one is launching any kind of coin."
Source: The Defiant
