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ETH 
MELANIA 
TRUMP Quick overview of key points
Eric Trump publicly refuted rumors that the Trump family planned to launch another cryptocurrency, saying such claims were pure fraud. Previously, an unverified post claimed that Donald Trump would issue new coins, and another message suggested that a wallet related to "Truth Coin" held 290 Ethereum pieces. Under the influence of this wave of rumors, TRUMP tokens rose 38% in 24 hours, and MELANIA tokens rose 18.4%. However, none of these posts lacked official confirmation, token codes or verifiable contract addresses.
Why rumors are getting worse
These baseless claims have attracted attention partly because the Trump family does engage in legal cryptocurrency projects. Eric Trump has publicly admitted participating in the decentralized financial platform World Liberty Financial, which will be launched in 2024. In addition, the family also maintains contact with another independent project, American Bitcoin. The previously launched meme tokens have further amplified the credibility of these rumors-both TRUMP and MELANIA tokens are currently being traded, leveraging Trump's brand effect. These precedents have led some market participants to expect more token issuance, so @WhaleScan's allegations seem credible to those who follow Trump-related cryptocurrency developments.
Significant price fluctuations
While the unconfirmed claims spread, existing tokens associated with Trump experienced significant fluctuations. According to CoinGecko, the TRUMP token hit $2.47, rising 37.9% in 24 hours, and prices fluctuated between $1.79 and $3.60. The MELANIA token rose to $0.1112, or 18.4%, with an intraday trading range of $0.09085 to $0.1614. At the time of recording these data, neither digital asset reached the day's highs. CoinGecko's tracking verified the magnitude of price fluctuations, but could not attribute it to any specific catalyst. Trading models show that unfounded speculation can quickly affect token valuations without any verified information.
Eric Trump's public response
Eric Trump posted an article on Platform X on August 22, responding to reports that his family plans to launch a new cryptocurrency. His statement was unambiguous: "What a joke... this is absolutely untrue. No one is issuing any tokens. If anyone claims to the contrary, it must be fraud." His public denial came after @WhaleScan posted a post stating that "Donald Trump is about to officially launch his new token." The post did not provide any supporting evidence and had no token code or verifiable contract information. Another piece of news broke out at 3:03 p.m. EST, claiming that a newly created Robinhood Chain wallet received 290 Ethereum pieces and traded them with contracts labeled "WWW /'Truth Coin'." The post also did not provide wallet credentials or proof of ownership. Eric Trump's statement did not address the specific allegations in the two posts, but directly denied their underlying premise.
Eric Trump's public refutation is the only official response from individuals associated with Trump-branded cryptocurrency projects. Neither Robinhood nor any designated token developers have issued clarifications. This incident reflects a recurring phenomenon: speculative rumors surrounding the Trump family's digital currency project have appeared before and have been dismissed, but a new round of speculation continues to attract attention.
