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ETH 
MELANIA 
TRUMP Quick Summary
Eric Trump has publicly denied rumors that the Trump family has launched a new cryptocurrency, calling it fraud. Previously, multiple unconfirmed posts appeared on social media claiming that Donald Trump would issue new coins and mentioned a project called "Truth Coin." These rumors led to a 38% and 18.4% increase in the prices of the TRUMP token and MELANIA token within 24 hours, but Eric Trump made it clear that these claims were groundless.
Why rumors are getting worse
These rumors have attracted attention because the Trump family does get involved in the cryptocurrency field. Eric Trump has publicly supported the decentralized finance project World Liberty Financial, which launched in 2024. In addition, the family maintains ties to another crypto venture, American Bitcoin. Previous TRUMP and MELANIA meme issues are already circulating as digital assets of the Trump brand, and this precedent makes market participants think that subsequent issuance of new coins seems reasonable. It is this context that gives @WhaleScan's post credibility among investors who closely follow Trump related cryptocurrency dynamics.
Trump related token prices fluctuate significantly
As rumors spread, existing Trump The price of associated tokens fluctuated significantly. According to CoinGecko data, the TRUMP token price reached US$2.47, up 37.9% from the previous 24 hours, and the trading range was US$1.79 to US$3.60; the MELANIA token price rose to US$0.1112, an increase of 18.4%, and the price fluctuated between US$0.09085 and US$0.1614. Both tokens were below the day's intraday highs at the time of data recording. CoinGecko's data shows large price fluctuations, but does not attribute this to a specific factor. The trading activity shows that even without legal announcements, unconfirmed claims can quickly affect token valuations.
Eric Trump publicly denied that
Eric Trump publicly refuted speculation on platform X that the Trump family might launch cryptocurrencies. His statement was clear: "What a joke... it's completely untrue. No one is issuing any tokens. If anyone claims the opposite, it's fraud." The statement was directed at a @WhaleScan post that claimed that "Donald Trump is about to officially issue his new coins," but did not provide any official statements, token identification or smart contract details as evidence. In addition, there are posts claiming that a newly built Robinhood Chain wallet holds 290 ETH and interacts with a contract called "WWW /'Truth Coin'", which also lacks wallet address or ownership verification. Eric Trump 's statement did not mention any specific details, but instead directly denied this basic proposition.
Eric Trump's denial remains the only official response from Trump's connections to people involved in the crypto project. No statement was made by Robinhood or any of the token projects mentioned. This incident reflects a recurring phenomenon: speculation about the Trump family's encryption project has emerged repeatedly and been denied repeatedly, but every wave of rumors continues to attract attention.
