Eric Trump Denies New Family Crypto Token Rumors as ‘Fraud’

President Donald Trump’s son Eric Trump has rejected viral claims that the Trump family is preparing to launch a new cryptocurrency called “Truth Coin.” The rumor spread after traders spotted a new token and unusual wallet activity on Robinhood Chain.

Meanwhile, the rumour pushed Trump-linked tokens like $TRUMP and $MELANIA to surge over 40%.

How the New Trump Token Rumor Started

The rumor quickly spread on X after a post from WhaleScan said Trump is “officially” about to launch a new coin. Further, the account said that WhaleScan would be the first to report it, as it did with Trump’s last coin.

The claims gained more attention after a mysterious WWW token, also known as “Truth Coin,” appeared on the Robinhood Chain. The alleged token was said to have a 1 billion supply, with 500 million tokens available at launch.

Around 300 million tokens were planned for liquidity, while another 200 million were set aside for the project’s growth.

Later on, a developer wallet reportedly received 300 ETH, while the token’s trading fee changed from 10% to 0.3%.

The WWW token quickly reached a market value of about $10.24 million, while the developer wallet reportedly held 99.9% of the supply.

Eric Trump Clearly Denies All The Rumours